Sensex index decline 2024

Indian Stock Market October 2024: Key Drivers Behind the Correction and Investment Strategies

The Indian stock market, in October 2024 faced one of its sharpest corrections since the pandemic, with Nifty 50 and Sensex indices dropping by over 7%. This decline was driven by high valuations, disappointing corporate earnings, and record-breaking Foreign Portfolio Investor (FPI) outflows, amounting to more than ₹82,000 crore. Amid volatile market conditions, investors are adopting cautious strategies, focusing on defensive sectors and rupee-cost averaging to mitigate risks. With geopolitical tensions and economic uncertainties continuing to influence global markets, the outlook for India’s stock market remains uncertain but offers selective opportunities for patient investors.

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