As 2024 progresses, market dynamics and macroeconomic factors will play a crucial role in determining whether the Nifty 50 can bridge the gap and fulfil the expectations set by some brokerage firms.
In a Moneycontrol markets poll of 35 analysts and fund managers, nearly half of the respondents expect the Nifty to be in the range of 23,000 to 25,000 by the end of 2024, suggesting a potential return of 6 to 15 percent.
Nilesh Shah, Group President & Managing Director, Kotak Mahindra AMC, shares his outlook for 2024 and what investors should do in the current scenario.
Midcaps saw good participation from retail, HNI and mutual funds in 2023.Midcaps might not keep up with their outperformance in 2024, but investor interest
“We will see continuous possible improvement in margins and profitability for many of the auto companies. I would be positive on Tata Motors, we own Mahindra & Mahindra and we own Maruti also. Bajaj Auto, I would have liked to own but we could never buy and then it never corrected but I think that will also do well.”