Indian benchmarks underperform top peers in 2024 as earnings gloom, foreign outflows weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Source: Reuters
Market Performance: Indian stock benchmarks Nifty 50 and Sensex rose about 8.5% in 2024, marking their ninth consecutive year of gains, but faced a correction due to slowing corporate earnings and significant foreign fund outflows.
Sector Highlights: Small and midcap stocks outperformed larger indices with gains of approximately 24%, while the pharma sector emerged as the top performer, increasing by 39%, driven by steady sales growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
