Companies in IT sector have demonstrated good corporate governance, high cash flow generation and have been distributing the same to shareholders through buybacks and dividends, says Karthikraj Lakshmanan.
There could be around 1.5 percent to 2 percent rate cut in 2024 by the US Fed, including a few cuts of 50 bps instead of the normal 25 bps, says Vikas Gupta.
PSUs, consumer staples, automobiles, and pharmaceuticals will be critical sectors for 2024 that are likely to deliver healthy returns, says Naveen Kulkarni.
Tibrewal, who led one of the leading small and midcap funds for over a decade, believes that banking, manufacturing, specialty chemicals, and pharma are likely to be the hunting grounds for the best small and midcap picks in the coming year
BSE Midcap and Smallcap indices were trading with marginal gains of 0.48 percent and 0.53 percent respectively.
In Q3FY24 earnings season, most of the companies in the discretionary and non-discretionary consumption should report in decent numbers, says Devang Mehta.
Suri also said he’s closely tracking defense and railways sector stocks. He said that defense order inflows are strong, and that the execution is in progress.
India#39;s economic growth (nominal growth that exceeded 12 percent in 2023, and which could come in at the same level or even higher in 2024) and improvement in currency stability relative to China are the factors in India#39;s favour
Anirudh Garg of Invasset PMS is decidedly bullish on the outlook of the gas sector, especially concerning the expansion of gas pipeline infrastructure in India.
Varun Lohchab of HDFC Securities believes DII and retail flows are expected to remain buoyant in the coming year too.
The inflation and interest rates will likely cool off next year, and the global growth will mend in 2025. The investor focus will shift from economics to elections across the globe. 
The sharp rally in 2023 has taken the market capitalisation-to-GDP ratio to a historical high of over 100 percent. "Whenever such instances have happened, the market has corrected quite significantly," Andrade said
Except for Information Technology, all sectoral indices traded in the green. UPL, Tata Steel, Tata Consumer Products, NTPC and Britannia Industries were among the top Nifty gainers, while Infosys, Wipro, Tech Mahindra, TCS and HCL Technologies were the laggards
The banking, consumer discretionary, and rural-oriented sectors are expected to perform well in the upcoming year, says Sushant Bhansali of Ambit.
The historical data from TimeMap indicates a preference for bullish trends, and the uptrend could persist until the end of December
Formalization of the economy and the manufacturing upcycle will help corporate earnings to be stronger for the next 5 years, says Madanagopal Ramu.
Favourable government policies, higher government capital expenditure, Indigenisation, Import Substitution and China Plus One Trend continues to be at play in sectors like Capital Goods, Defence, Electronics and Textiles in particular, says Arvind Kothari.
Unexpected election results will have a major impact on markets. The budget announcement in February will be the next major event, says Divam Sharma. Unexpected election results will have a major impact on markets. The budget announcement in February will be the next major event, says Divam Sharma.
Yogesh Kalwani of InCred Wealth expects the earnings momentum to remain strong not only in the current quarter but also through FY24 and FY25
While an extension of the crisis could have a long-term impact, market participants believe it is too early to gauge what the larger impact could be.
Samco’s chief investment office Umeshkumar Mehta says it’s time to watch sell signals closely
New opportunities are emerging in Gen-AI, new energy businesses, digital space which need to be tapped, says Ajay Argal of Franklin Templeton.
When things are relatively new, analysts and the market tend to underestimate how big the opportunity could be, and that#39;s where there is a positive surprise element, the CIO says.
In banking and financial services, power utilities, metals and mining etc, companies from the private sector could provide better growth and profitability outcomes versus the PSU sector over the medium to long term, says Ajay Tyagi of UTI AMC.
The brokerage house also said that the market movement will not be linear, especially in the first half of 2024. This is because the bond market is expecting interest rate cuts in Feb-March, much sooner than what Federal Reserve indicated
The FII net inflows are expected to remain strong in the coming year where the default allocation is first larger caps followed by mid and smallcaps, says Ashwini Shami of OmniScience Capital.
New allocation by FIIs for emerging markets and India seems a certainty in the calendar year 2024, says Amit Jain.
The overall outlook for the technology sector appears optimistic in the long term. Despite the underperformance of large-cap tech stocks thus far, there is potential for recovery, especially as significant deal wins begin to reflect in revenue growth, says Anup Maheshwari.
In Wipro, TCS, LTIMindtree and Infosys, FII stakes are 2-3 percentage points below the peak holding during rate hike cycle. For Tech Mahindra, the difference is as wide as 9 percentage points. With rate cycle turning, the view is big deal wins will soon resume from large clients
The anticipated expansion in capex also presents an opportune moment for investors eyeing long-term commitments, Upadhyaya says,
With over 65 IPO filings already with SEBI, and many approved, the upcoming year promises to be active for the Indian IPO market, says Sonam Srivastava.
Ace investor Shankar Sharma says the Fed#39;s path to easy monetary policy in 2024 will trigger more foreign inflows
So far, the Fed had been maintaining that rates could remain higher for longer because it was not convinced that inflation was fully under control.
Nitin Agrawal of Torus Oro PMS is very positive on the Industrial space as India transforms into the Factories of the world and policies like PLI will provide a significant boost to that vision.
AI will force tech companies to spend on tech and cut down hiring of software engineers, according to Ved.
Speaking of the sleeping banking sector, the market expert believes that their time to rally is finally here. Large banks like HDFC Bank and Kotak Mahindra Bank have barely given any returns moved in the past one year
Good themes to bet in 2024 would be large cap category which has not given as good return compared to Mid/small cap category, says Akhil Bhardwaj of Alpha Capital.
While earnings growth visibility in power space is high in FY25 and FY26, a large part of the growth is discounted, says Harini Dedhia.
Kunal Vora of BNP Paribas India likes some infrastructure names and believes the government will continue to focus on infrastructure spending versus being populist even in an election year.
What sparked off rally in Indian stocks this week is BJP#39;s decisive win in assembly elections of three key states, which was a more positive outcome than what the markets were expecting
G Pradeepkumar finds potential in large-cap stocks due to their attractive valuations despite recent stock performance lag.
Shantanu Bhargava of Waterfield Advisors expects buoyancy in the real estate sector to continue.
The black money component in real estate is getting higher again, says Mukherjea, adding that people might be using the sector to utilise cash piles.
Shradha Sheth expects rates to remain steady throughout FY24, possibly initiating a gradual rate reduction cycle starting from June 2024.
Dumping adversely affects domestic producers in the target country and the government has been taking steps to check the imports of Chinese goods. However there seems to be a degree of variation in policy responses, says the founder of Marcellus Investment Managers In a finance career spanning 35 years, Balakrishnan a.k.a Bala was part of the founding team at rating agency CRISIL, and worked in multiple roles across banking, credit, and equity markets as analyst, head of research, CIO and CEO.
The Reserve Bank of India (RBI) pursued a modest approach to increase interest rates relative to advanced economies, says Anil Rego.
"My base case is that earnings will gain share. So, if you#39;re in that cycle, then I think we#39;re good for share prices," Desai says. The Fed#39;s strategic approach, coupled with favourable market responses, provides a foundation for the anticipation of a rate cut cycle in the early months of 2024, says Anirudh Garg of Invasset PMS.
