Nifty 50 index ends Samvat 2080 with 25% gain, most in three years

Quick Summary:

Strong domestic liquidity and foreign flows underpinned this year's gains until the recent $10 billion pullout by foreign portfolio investors (FPIs).

The Nifty 50 index has demonstrated resilience, closing Samvat 2080 with a nearly 25 per cent gain despite an 8 per cent pullback from its peak.

More recently, the resurgence in China, following government measures to revive its economy and equity markets, dimmed some appeal for domestic equities.

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Category: BusinessFinance

Markets: IndiaBrazilChinaGermanyIndonesiaJapanTaiwanThailand

Topics: Samvat 2080 Nifty 50 index Stock market Indian markets

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Article Type: News Report

Published On: 2024-10-31 @ 22:13:56 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 663 words

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Copyright Owner: © Business Standard

News ID: 23351989

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