In the next six months, the Indian stock market will show new highs

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Mumbai: In the next six months, the Indian stock market will show a new high and by the end of 2024, it will see a ten percent increase from the current level. According to a survey report, India's stock market will also rise due to steady growth among the fast-growing major economies.

India's benchmark indices BSE Sensex touched an all-time high of 67927.23 in September.

India's BSE Sensex has seen gains in nine out of the last ten years. India is currently the best performing market.

The Indian market is currently becoming expensive compared to regional rivals and other major indices.

Despite this, 22 out of 25 analysts who participated in a survey expressed confidence that the Indian stock market will show a record high in the next 6 months, the survey report said.

It is also estimated that the Sensex will show a peak of 70,000 in mid-2024. India's economy is the fastest growing among major economies and is expected to grow by 6 percent in the next few years.

The report also noted that growth is resilient and the macro economy is strong and will remain so in 2024.

Domestic equities are witnessing a boom due to the rising participation of the youth in the Indian stock market.

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