Year Ender 2023 | What made headlines in world of business: Adani-Hindenburg Report row, Twitter rebrands as X, Narayana Murthy sparks 70-hour work week debate, birth of Reliance’s Jio Financial

Home indices noticed unprecedented boosts this yr. The Sensex scaled to a contemporary excessive of 71,913 whereas Nifty peaked to 21,593 on December 20 in intraday buying and selling. “Initially of the yr, uncertainties surrounded the financial system and market as a result of challenges reminiscent of provide constraints, hyperinflation, and overvaluation. The collapse of US small banks, pushed by rising rates of interest, added to the issues. Home earnings development contracted in Q3CY22 & Q4CY22 as a result of a slowing international financial system & geopolitical danger,” mentioned Vinod Nair, Head of Analysis at Geojit Monetary Companies whereas speaking about how the inventory market fared this yr