Girirajan Murugan says: "As we move forward into 2024, it is anticipated that the Indian Stock market will demonstrate resilience, potentially outshining its global counterparts. This optimistic outlook is grounded in the improving global and domestic landscapes, coupled with favorable elements such as softened inflation, an early adjustment in monetary policy rates, and reduced crude oil prices."
According to Girirajan Murugan, CEO of FundsIndia, the smallcap and microcap stocks in the Indian market are risky and overheated at the moment due to their sharp rise in prices. He advises investors to diversify their portfolios to reduce risk and take advantage of the current correction in the market. Murugan also mentions that the continuing rally in crude oil prices and the depreciation of the rupee against the USD could pose short-term challenges.
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