The Nifty 50, representing India's top 50 companies, wrapped up 2023 with a phenomenal performance, marking eighth consecutive year of positive returns. Indian stocks remained hot picks among institutional investors due to the country's macroeconomic stability and earnings momentum. Notably, in December alone, the index recorded a substantial gain of 7.94%, marking its best December performance in the last two decades. Achieved $4 trillion in market capitalisationOn December 1, 2023, the market capitalisation of Indian listed companies on the NSE reached a significant milestone, crossing $4 trillion ( ₹334.72 trillion). 96% of Nifty 50 stocks closed 2023 in the greenIn a resounding show of strength, 48 out of the 50 constituents of Nifty 50 concluded 2023 in positive territory, marking an impressive 96% success rate.

Source: Mint December 30, 2023 11:44 UTC