p Vol. 38 Issue No. 18p pCOVER STORY : Q1FY24 Hits & Missesp pAfter hitting a record high in the last quarter of FY23, compared with their poor showing in the previous two quarters of the financial year, the first quarter of FY24 has started on expected lines.p pMF - Cover Storyp pEmbracing Stocks for Long-Term Growthp pThe Indian equity market has exhibited extraordinary steadiness amidst global volatility, setting it apart from its international counterparts. This resilience becomes evident when analysing the drawdown figures. It showcases the Indian equity market’s superior performance compared to several others in the period spanning the last two years until June 2023. Notably, the BSE Sensex, representing the Indian equity index, outshines its peers by experiencing a relatively limited maximum drawdown of only -16.85 per cent.p