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PMS Monthly Communication - November 2024

PMS Monthly Communication - November 2024

1st November 2024   10:00 AM

Global Market: During the month of October 2024: S&P 500 fell by 0.90%, Dow Jones fell by 1.3% and Nadaq composite fell by 0.5%. In Europe Stoxx 600 fell by 1.6%. Nifty 50 was down by 6.22%. The IMF kept its 2024 global GDP growth forecast unchanged at 3.2% and raised its 2025 forecast by 0.1% to 3.3%. The global economy is set for modest growth over the next two years amid positive activity in US, a bottoming out in Europe and stronger consumption & exports for CHINA. Growth projection for India is at 7% for 2024 and 6.5% in 2025.