The year 2024 has been quite volatile for 'Dalal Street'. While the Indian stock markets made records many times during the year, on the other hand, it also had to face many big losses in between. 

However, despite this, investors have got good returns. Motilal Oswal Wealth Management has said that in the first half of the year, the Nifty reached an all-time high of 26,277.35 points in September 2024. 

It said, "In the last two months, the market has come down from its all-time high. This was the third major decline in 2020 after the Kovid-19 epidemic. The main reason for this is the massive selling by foreign institutional investors (FIIs) due to domestic and global factors. " 

This year, till December 27, the BSE Sensex of 30 shares has gained 6,458.81 points or 8.94 percent. The National Stock Exchange's Nifty has gained 2,082 points or 9.58 percent. This year has been full of many events. Apart from the general elections in India, the presidential elections in the US were the main events during the year. 

Apart from this, the stock markets were also affected by two major geopolitical developments, the Israel-Iran conflict and the Russia-Ukraine war. 

The year 2024 saw a lot of struggle between the bulls and the bears. Global macroeconomic data and geopolitical tensions affected the market significantly, due to which the market witnessed constant fluctuations. However, despite the uncertainties around the world, the Indian markets performed well under pressure to a large extent and gave better returns to the investors. 

Prashant Tapase, Senior Vice President (Research), Mehta Equities Ltd, said, "It was also a year of soaring valuations, which made Indian markets one of the most expensive in the world. Excess liquidity in the market pushed valuations higher, which eventually led to a correction." 

BSE and NSE reached their record levels in September

The BSE's 30-share Sensex hit its record high of 85,978.25 on September 27 this year. On the same day, the Nifty also touched its all-time high of 26,277.35 points. 2024 has been the ninth consecutive year in which the local stock markets have given positive returns to investors. During this period, the stocks of small and medium companies performed better than large companies. This is the reason why midcap and smallcap stocks have given investors more returns than 'largecap'. 

Santosh Meena, Head of Research, Swastika Investmart Ltd. said, "However, the performance of Nifty and Sensex has been weaker than the markets of other countries, especially the US. The reason for this poor performance is the massive selling by foreign institutional investors (FII)." 

The Sensex has fallen 8.46 percent from its all-time high of September. On the other hand, the Nifty has fallen 9.37 percent from its record level. In October alone, the Sensex fell 4,910.72 points or 5.82 percent. In the same month, the Nifty fell 1,605.5 points or 6.22 percent. In December so far, the Sensex has fallen 1,103.72 points or 1.38 percent. 

In October, FIIs withdrew Rs 94,017 crore from the Indian markets. Last year i.e. in 2023, the Sensex had climbed 11,399.52 points or 18.73 percent. At the same time, the Nifty was in profit of 3,626.1 points or 20 percent.