The current market backdrop of relatively higher interest rates and broad-based economic growth suits the value style of investment, says Christy Mathai, Fund Manager- Equity at Quantum Mutual Fund.
Given the backdrop of the rural economy also showing signs of recovery and the big city demand being more or less consistent, there is a reason to believe that FMCG should have a better story going ahead in the next two to three years.
"Banks are at the peak of their health in terms of asset quality and in a tight monetary environment continue to flourish. Credit expansion theme seems to be continuing and the earnings have been spectacular," said Sonam Srivastava, Founder at Wright Research
Badrinivas#39; comments come in the backdrop of China opening up and foreign institutional investors (FIIs) being bullish there amid pent-up consumption and India#39;s higher valuations.
The biggest catalyst for our markets will be the US Fed commentary regarding inflation and when they actually pause or pivot in the interest rate tightening cycle.
The infrastructure, IT and banking sectors will propel the index past the 19,000 mark, says Jain.
Karma Capital believes that the government has delivered on all counts of capex, consumption and credit.
IT companies#39; results have generally met or exceeded expectations, as they have been successful in preserving margins.
Constant capex spend in rural areas, removal of tax benefit for new life insurance policies and short-term capital gains tax on market-linked debentures are the three negative factors, says the Managing Director - Portfolio Management Services.
Sivaram, the Investment Director of Enam Holdings, does not see any issue with regard to the banking sector’s infrastructure lending to the Adani group or any other group.
Infrastructure continues to remain as the most solid theme in the budget. Allocation to railways has also seen a sizeable jump against last year.
