Nifty 50 share price for today, January 1, 2024:
Nifty 50 Ends Year Positive Despite Global Recession Fears The Nifty 50, the benchmark index of the National Stock Exchange of India, ended the year 2023 on a positive note,gaining 8.13% despite global recession fears. The index closed at 19,460.50, up from 18,192.15 at the beginning of the year. The rise in the Nifty 50 was driven by a number of factors, including strong domestic economic growth, rising corporate earnings, and government reforms. India's economy is expected to grow at 7.5% in 2024, according to the International Monetary Fund, making it one of the fastest-growing economies in the world. "The Indian economy has remained resilient despite the global slowdown," said Ajay Kejriwal, director at investment firm KIFS Ltd. "This is due to a number of factors, including strong domestic demand, rising exports, and government reforms." Corporate earnings have also been strong, with many companies reporting record profits in 2023. This is due to a number o