Concerning competition with China, the good thing is that China has no presence in services, while the services sector constitutes 60 percent of the Indian economy, observed Agrawal. For the chairman and co-founder of the brokerage house, the only fear is that the market moves parabolically, that is, go up by eight times or 10 times and then drops by 50 percent.
The fiscal deficit will be a crucial indicator that will shed light on the government#39;s policies and management, says Puneet Sharma Agrawal says there are pockets in the market which are still not overvalued while emphasising that value creation in the market should take its time.
At the macro level, the earnings and the management commentaries are more or less looking good, says Santosh Joseph, founder and CEO, Refolio Investments and Germinate Investor Services LLP
In the absence of structural imbalances among households and companies, a US economic #39;soft landing#39; remains base case scenario for DBS Bank, says Hou Wey Fook
Arun Chulani remains constructive of the prospects of corporate India.
The road map to increase power through RE (renewable energy) both solar and wind and green hydrogen should emerge as a mega trend for the next few years, says Umeshkumar Mehta.
The interim budget will be a non-event for the market as the finance minister is unlikely to announce significant reforms, which will be left for the full budget that will come after the Lok Sabha elections, says Master
In terms of sector preference, Gaurav Dua of Sharekhan says IT services, PSU banks and pharma sectors should outperform this year
In 2023, the Securities Exchange Board of India had mandated FPIs holding more than 50 percent of their Indian equity AUM in a single Indian corporate group or FPIs holding more than Rs 25,000 crore of AUM in Indian markets to provide additional disclosures regarding their ownership, economic interest and control.
Technically, 20630 is confirmed on the charts. The zone#39;s weekly gap level of 20450 (not specific) will be filled very soon, before March 31, 2024.
While the fiscal deficit, changes in taxation, and capex will grab the headline, Shailendra Kumar will be tracking the initiatives towards reviving rural consumer demand very closely during the forthcoming interim budget.
Santosh Kumar Singh of Motilal Oswal AMC is not expecting any major announcement as the interim budgets are generally vote on accounts. However, he would like to see the intentions in the budget.
In 2023, US did not fall into a recession. The Federal Reserve hiked rates by a further 1 percentage point, sparking a phenomenal surge in the equity markets that left many financial pundits scratching their heads in disbelief. Plus, the Chinese market continued to plunge. The scorecard? Zero out of 4 to the consensus.
Sushant Bhansali expects the interim budget to strike a balance between road, railways and other infra projects
The Bajaj Finserv Asset Management CIO says railways might be the focus of capex announcements in the interim budget, which would likely be a muted affair
In Budget 2023, government capex saw an uptick of over 33 percent to Rs 10 lakh crore. For this year, market is expecting a growth of anywhere between 15 and 20 percent but Jefferies says it would be just 7-8 percent
For sectors like railways and defence, the fiscal deficit poses a risk, potentially slowing down government driven capex from the current growth rate of 25-30 percent to 10-15 percent, says the CIO-Equity at the fund house
India’s largest private lender is going through a consolidation phase following the HDFC merger, which has prompted investors with a short-term outlook to consider alternatives, says Nath
Markets priced in rate cuts by the Fed and other central banks for a large part of 2023, Ashwini Shami of OmniScience Capital says. He expects the cuts in the range of 1.5- 2 percent this year
Budget 2024 Expectations: Over the past few years, government#39;s focus on increasing capex to improve the country#39;s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho Budget 2024 Expectations: Over the past few years, government#39;s focus on increasing capex to improve the country#39;s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho
With improved infrastructure, evolving consumer behaviour and a recovering airline industry, domestic tourism sector is a compelling opportunity for portfolio inclusion, Anirudh Garg of Invasset PMS says
The current market rally indicates that consensus is expecting a more than 75bps rate cut in fed funds rate, says Kedar Kadam.
Sonam Srivastava says 2024 holds the potential for being a moderately positive year for the Indian equity markets.
Anticipating the interim and full budget, Divam Sharma foresees a sustained emphasis on growth and infrastructure
Tata Mutual Fund is optimistic about the India story for the long term and rural is part of the India story, says Chandraprakash Padiyar.
The Federal Reserve has been steadfast in adhering to its 2 percent target for inflation. But, Ritesh Jain of Pinetree Macro believes inflation target in western world will move to 3-4 percent
For the market, some of the key indicators to watch out for over the next few weeks are Q3 earnings and any escalation of Russia- Ukraine war and the West Asia crisis, says Manjit Singh
Pawan Bharaddia believes that the next 4-5 years should see disproportionate wealth being created in the markets and if that happens, index numbers will only keep showing newer highs.
Goldman Sachs#39; earlier target of 21,800 came against a less favoruable global macro backdrop, which has since improved
This time around the environment, both from macro and micro standpoints, is favourable for private capex to pick up. The turning of the real estate cycle, which has a multiplier effect across the economic chain, shall work as a further boost Most of the provisional numbers announced for the December quarter are indicating a positive trend as far as earnings are concerned, says Santosh Joseph, CEO and founder, Refolio Investments and Germinate Investor Services LLP
Since markets are in the secular bull phase, volatility would be high - there will be infinite opportunities to invest and exit; in a secular bull run, the corrective phases are equally steep and fast
Investors should moderate their market return expectations but remain invested in a disciplined way, says Sandeep Bagla of TRUST Mutual Fund.
In the real estate space, one should stick to marquee names with good execution capabilities and sound track-record, after sharp run up in last year, says Paras Bothra.
Gas utilities haven#39;t participated much in the rally and appear relatively undervalued, says Sampath Reddy of Bajaj Allianz Life Insurance.
Investors should steer clear of stocks with questionable fundamentals in 2024 as these tend to fall more compared to those with strong fundamentals, when markets turn volatile.
Technology will be interesting theme for 2024, if interest rates actually end up falling and there is a soft landing in the US, as being anticipated, says Jimeet Modi.
Baroda BNP-Paribas CIO said they are becoming more mindful of high valuations now after the market rally. While nothing seems like it could go wrong, one needs to be a little more mindful, he said
Anil Rego of Right Horizons anticipates robust annual earnings growth over the next three years, driven by a multi-decadal growth outlook for the economy.
Siddhartha Bhaiya reveals his investing thesis, secret sauce, best and worst bets, and much more in an all-encompassing interview with Moneycontrol.
As we enter the new year 2024, hopes run high that the market will continue to rally this year too, extending its winning streak to the ninth year in a row. But, it could be a slow start
