Indian shares struggled
for direction on Wednesday, as investors avoided large bets due
to uncertainty around the outcome of local general elections and
ahead of the Federal Reserve minutes due later.
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Siddharth Oberoi, Founder of Prudent Equity, says irrespective of the poll outcome, certain sectors that have consistently outperformed regardless of political factors will offer buying opportunities
Fund manager Siddharth Oberoi believes that regardless of the election outcome, the infrastructure and consumer goods sectors will continue to thrive in Dalal Street. The Prudent Equity ACE Fund delivered a 72% return in 2023 with consistent monthly gains. Oberoi sees tremendous opportunities in equities for 2024, driven by increased earnings in listed companies. Although there may be a surge of money due to the US Fed s indication, Indian markets have become less reliant on foreign flows.