Domestic benchmark equity indices have shown sustained resilience in 2024 — the BSE Sensex gained 8.7% as of December 23, the ninth consecutive year of positive return. This is despite the heavy selling by FPIs in the secondary equity market during the second half of the year, rising geopolitical tensions in West Asia, growing uncertainty over the stance of the Trump administration in the US towards global trade, and India-specific concerns such as high inflation, slowing consumption demand and decelerating GDP growth.
