2023 Year In Review News

Companies

2023 in review: For Indian tech startups, an unrelenting funding winter

India dropped a rung in global tech startup rankings, giving up the third spot to China, as the funding climate showed no signs of a thaw throughout 2023The unicorn tally also shrank significantly--to 2, from 24 in 2022

2 min read13 Dec 2023
Mutual Funds

Mutual fund SIP accounts hit 7.63 crore in December: Why are investors rushing to invest in them?

The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.

2 min read12 Jan 2024
Markets

India’s Sensex top-performing index in the Asia-Pacific region in Dec; ranks 15th out of 45 global indices for CY23

In December 2023, the 30-scrip Dalal Street benchmark Sensex, claimed the leading position among its peers in the Asia-Pacific region, highlighted Geojit Financial Services.

3 min read10 Jan 2024
Markets

Market in 2024: 3 important triggers that could drive equities this year and what investors should do

While the current setting doesn’t indicate chances of a material correction, staggered investment may be considered for fresh investments to benefit from any near-term volatility, suggested Quantum.

4 min read10 Jan 2024
Mutual Funds

Mutual funds: Total SIP inflows in 2023 hit ₹1.83 lakh crore, up 23% over previous year

Most of the mutual fund inflows were seen in equity funds. With ₹16,997 crore added to equity mutual funds in December, total inflows into equity schemes touched a whopping ₹1,61,573 crore during the calendar year 2023.

1 min read8 Jan 2024
Money

Equity fundraising spiked 59% to ₹1.44 ­lakh crore in 2023: Report

Public equity fund­raising rose 59 per cent to ₹1.44­ lakh crore in calendar year 2023, led by 57 mainboard initial public offerings (IPOs) that raised ₹49,434 crore.

2 min read4 Jan 2024
Markets

2023 in Review: All 13 Maharatna stocks delivered positive returns last year, REC best performer; check full list

Power stocks lead the way with Rural Electrification Corporation and Power Finance Corporation achieving multibagger returns. Bharat Heavy Electricals and NTPC also saw significant gains. India’s fuel retailers, including IOC, BPCL, and HPCL, rallied due to improved refining margins.

2 min read2 Jan 2024
Markets

Nifty 50 posts its strongest December in 20 years; a look at best-performing stocks in 2023

Nifty 50 recorded a substantial gain of 7.94%, marking its best December performance in the last two decades. The previous best December performance was in 2003, when the index achieved a gain of 16.38%.

3 min read30 Dec 2023
Markets

2023 in Review: FPI inflows recorded at ₹1.65 lakh crore, highest since 2020; will the trend continue?

After outflows worth ₹1.21 lakh crore in 2022, FPIs returned as buyers in 2023, buying Indian equities worth ₹1.65 lakh crore. During the year, FPIs were net sellers in just 4 months and buyers in the remaining 8.

8 min read30 Dec 2023
Markets

From Adani Wilmar to Canara Bank – here are top 10 Nifty midcap laggards of 2023, check full list here

The Nifty50 midcap gained over 46.57 percent in 2023, far outperforming the blue-chip indexes despite valuation concerns.

3 min read29 Dec 2023
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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