2023 Market Wrap-Up: How Sensex and Nifty Stole the Spotlight in a Year of Surprises and Triumphs

Indian stock markets delivered strong returns in 2023, with the Sensex gaining 16% and Nifty 50 rising 18.6%. Tata Motors, NTPC, and Bajaj Auto were among the top performers, while UPL and Adani Enterprises saw losses. Robust domestic investor participation and a vibrant primary market fueled the rally. Analysts anticipate some volatility in 2024, but remain optimistic about India's growth potential compared to regional peers.