Indian Stock Markets End Year In Green For The 8th Time In A Row

For the ninth consecutive year, benchmark equity indices concluded the year in the green. They ended their record-breaking four-day rally and ended the year slightly down.

Nonetheless, they concluded the year on a positive note, as the Sensex gained 18.05% and the Nifty 50 gained 19.39%. In 2023, every stock on the Sensex finished the year higher, while only two Nifty 50 stocks saw their value decline.

The Indian stock market held up well in the face of challenges including rising interest rates, US bank failures, a geopolitical crisis resulting from two active conflicts, rising petroleum costs, and a slowdown in the Chinese economy.

In the end, the Sensex and the Nifty gained 18.6% and 19.6%, respectively. However, second-line shares have seen the largest increase, with the BSE Midcap and BSE Smallcap rising 43% and 46%, respectively.

There have only been three instances of annual falls in the Sensex and Nifty since 2002: in 2008, 2011 and 2015. If not, they have finished higher in each of the previous eight years.