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When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Trivesh D says: "2024 will be a breakthrough year for the Indian stock market. Newer, untapped industries and stocks will now be looked upon and also may see increased retail participation. The upcoming Indian elections will be another factor to watch closely. The current government is predicted to retain power, with new policies and regulations in the 2024 Budget, impacting various sectors. New emerging markets will also be a key factor to watch."

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 322954.32 Crore) operating in Auto sector.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

S Naren says: “We love a company where there is a profitable business along with that there is an unprofitable EV business and that unprofitable EV business is also given price to earnings on the loss so that at some point of time, when that EV business turns around, you get a big kicker and that is the framework which we enjoy.”

Girirajan Murugan says: "As we move forward into 2024, it is anticipated that the Indian Stock market will demonstrate resilience, potentially outshining its global counterparts. This optimistic outlook is grounded in the improving global and domestic landscapes, coupled with favorable elements such as softened inflation, an early adjustment in monetary policy rates, and reduced crude oil prices."

The dollar index, which measures the U.S. currency against six rivals, fell 2% in 2023, snapping two years of gains, and was last at 101.43, up 0.049% on Tuesday.

Gold prices edged higher on Tuesday, supported by the prospect of interest rate cuts in 2024 from the Federal Reserve, while investors look forward to a slew of economic data this week for more clarity on the U.S. rate outlook.