Sensex, Nifty, Share Prices LIVE: Domestic markets are slated to open negatively, yet analysts foresee continued momentum with IT stocks joining the uptrend. Foreign portfolio investors (FPIs) persist in investing following the Federal Reserve’s dovish stance. Market consolidation is expected with investors engaged in sector/stock rotation, balancing profit-taking at higher levels and value-buying at lower ones. FPIs shifted to net buyers early December, driven by India’s perceived growth potential among emerging economies. Dr VK Vijayakumar highlights India’s favored status for sustained growth, while various factors, including RBI’s inflation forecast and positive capex indicators, contribute to FPI inflows. Amidst a record-setting Sensex, the Indian market reflects an encouraging 2023 closure and a robust foundation for 2024.
| Subscribe To Our Free Newsletter |
