Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, expects the next 2 years to be bullish and advises investors to be long equities.
19 Nifty 50 constituents close the week in positive territory; Britannia Industries led the pack with a 5% rally, followed by Nestle India, TCS, Coal India, Cipla, and HUL, all recording gains between 2% and 4%.
After a stellar 17 percent return delivered by the Nifty in 2023, market experts and brokerages have mixed views on the index s performance in the year 2024.
In 2023, the Indian market achieved historic milestones despite facing multiple challenges. Brokerage house Kotak Securities has come out with outlook for equities, gold and crude oil for the upcoming year.
Harsh Goela and CFA Aditya Goela, Co-founders, Goela School of Finance, believe the upcoming budget will focus on rural economy s revival. They hope the government addresses inflation by considering tax reductions.