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The ongoing rally is supported by strong macroeconomic data, a drop in crude oil prices, favourable global interest rate outlook, return of foreign inflows and sustained inflows from domestic mutual fund investors.

"We have been talking about manufacturing pickup, particularly aided by export-led demand for some key sectors like mobiles, white goods, automobiles, and textiles. So, 2024 will determine the conclusive success of these schemes. We believe India has made a sufficient mark on the global platform, and 2024 should provide us with early signs of success on further pickup in the economic activities front."

“Looking at the current market valuation, obviously it makes a lot of sense and there is a big case for exposure to be a little heavier on the largecap side. But having said that, I would refrain from saying everybody should do investment in largecaps and sell off their mid-cap exposure.”

The consumer services sector attracted maximum inflows in November to the tune of Rs 4,370 crore, after witnessing outflows of Rs 185 crore in October.

Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 12659.84 Crore) operating in Power sector.

Led by NRI investor Rajiv Jain, GQG had made a bold contra bet on Adani stocks in the peak of the aftermath of the Hindenburg controversy in March earlier this year.

“Some people have already started buying in the market. We expect some more people to start buying maybe in the second week of January onwards. I do not think people are going to wait till June inclusion so there will be enough buying coming in with the new calendar year coming in.”

Bitcoin has been on a tear this year on expectations that regulators will allow the first US spot Bitcoin exchange-traded funds, widening the potential base of crypto investors. Bets that the Federal Reserve will cut interest rates next year also encouraged a rally in virtual currencies.

With revised growth forecasts and inflation in check, analysts anticipate that the Indian market is set to scale new highs in the coming months.

As of 30-Sep-2023, promoters held 63.1 per cent stake in the company, while FIIs held 27.55 per cent and domestic institutional investors had 2.22 per cent.