Amit Goel predicts a global bear market, advises a multi-asset approach. He also warns of overvaluation in defensive sectors and discusses post-election sector performance. Goel further anticipates minimal crude oil impact on equity markets amid global rate cuts. Goel says: "We would advise our investors to be extremely underweight in mod and smallcap segments and have a multi-asset approach in their portfolio
Trivesh D believes 2024 could be a breakthrough year for the Indian stock market, citing historical trends and positive foreign investor sentiment. The market s bullish outlook emphasizes the importance of quality investments in navigating market volatility and building a strong economy. He also said introduction of T+0 the might require improvements in the currenct ecosystem.
Sunil Damania, Chief Investment Officer of Mojo PMS, discusses the Indian market, GDP growth, RBI s outlook on rates, interest rates, liquidity, India Inc. Damania says: "With government reforms with PSUS and focus on Atma Nirbhar Bharat, many PSU companies are seeing their business grow and they are becoming more like the private sector in their operations. This is attracting investors."
Rishi Kohli, Managing Partner & CIO – Hedge Fund Strategies at InCred Alternative Investments Pvt Ltd., believes that banking and IT sectors will continue to offer opportunities to buy on dips due to volatility. He is most bullish on the infra and metals sectors for the next 3-5 years, and predicts that PSU banks will outperform private banks.
India s per capita GDP growth to $5,000 will drive growth across sectors. Sunrise sectors like renewables and nuclear will grow rapidly. EVs, December quarter earnings, and PSU/PSE stocks are expected to generate wealth. Risk factors include geopolitical tensions and recession. Good buy-on-dips opportunities in the energy sector and sectors like banks, auto, cement, power, and pharma.