New Delhi [India], January 2 (ANI): The 12 months 2024 proved to be a strong one for international monetary markets, with the US main the way in which in delivering stellar returns, in accordance with a report by Axis Securities.
The report additionally famous that whereas the Indian stock market confirmed regular development, it lagged behind most of its international counterparts.
It stated “The Indian stock market, led by the Sensex, delivered a solid 8.9 per cent return in 2024 but lagged behind most major global indices”.
The report said that the SP BSE Sensex Index in India delivered an annual return of 8.9 per cent in 2024, whereas the Nifty 50 offered an roughly 9 per cent return. Although these figures mirror robust home market efficiency, they have been overshadowed by increased returns seen globally.
In the United States, the fairness markets soared to exceptional ranges. The Dow Jones Industrial Average recorded a 14.1 per cent achieve, whereas the broader SP 500 Index surged 25.2 per cent in 2024 which is highest globally in main markets.
The report additionally highlighted that the technology-heavy indices outshined others, with the NASDAQ-100 posting an distinctive 27.6 per cent return. Even smaller corporations carried out nicely, as mirrored by the Russell 2000 Index, which barely edged out the Sensex with an 8.9 per cent return.
In Asia, Japan’s Nikkei 225 stood out, delivering a formidable 20.4 per cent return, showcasing robust financial restoration and development. Hong Kong’s Hang Seng Index rebounded sharply from its 16 per cent decline in 2023, gaining 17.9 per cent in 2024.
European markets confirmed reasonable efficiency compared. The Euro Stoxx 50 climbed by 6.5 per cent, and the UK FTSE 100 rose by 5.4 per cent.
Sectorally, the Indian markets displayed numerous strengths. Almost all sectoral indices outperformed the Sensex, besides Bankex and FMCG. This signifies strong investor sentiment throughout varied segments.
Overall, 2024 was a 12 months marked by exceptional features in international fairness markets, reflecting robust financial restoration and widespread investor participation. The US markets stood out because the clear winners, providing the most effective returns amongst main indices worldwide.(ANI)