Phillip Capital predicts BJP-led NDA s re-election in 2024, dismissing concerns over low voter turnout. The brokerage firm sees three scenarios for Lok Sabha election outcome, all pointing towards NDA retaining power.
Going forward, 23,000 is expected to play a crucial role in the index s journey towards the upper band of the Rising Channel, placed at 23,100-23,200, whereas on the lower side, 22,800 is likely to act as support, experts said.
According to analysts at UBS, PI Industries stands out with strong growth prospects, a solid management track record, while Navin Fluorine is poised for growth, leveraging opportunities in agrochemicals
Among the global fund managers surveyed by Bank of America, 61 percent said they expected lower-than-average growth and higher-than-average inflation for the global economy over the next 12 months