The unperturbed faith of retail investors, coupled with higher participation of both foreign investors and mutual funds led the strong performance and also drove the market capitalization.
Milind Muchhala advises exploring BFSI and consumption sectors amid market correction. He anticipates that in FY25, there wikk be market consolidation with intermittent volatility. He further considers fixed income as an alternative investment and says has been apprehensive of the part of the market where the valuations had gone completely out of whack and the margin of error was minimal.. Key factors include elections, budget and earnings trajectory for investors.
Analysts believe a trend reversal in bond yields and the dollar would prove to be beneficial for emerging markets like India amid strong corporate earnings growth
Julius Baer is of the view that the US economy will achieve a ‘soft landing’, but one risk scenario to the ‘soft landing’ view is a sharp rise in long-term interest rates well above 5.5 percent