PSU stocks not very expensive, but private banks more favourable, says BNP Paribas' Head of India Equities thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Nifty has a high single-digit upside potential in 2024, on top of the 20 percent rally seen last year. Global risks such as demand slowdown fears and inflation are not seen weakening Indian markets.
Experts say that this could be due to the positive sentiment-led buying seen during December which leads to some correction in January, spilling over into February.
NSE Set to Overtake Hong Kong in Market Cap, Becoming World's Seventh-Largest Trading Venue: Report thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
“Largecap banks, IT services and industrials are the three areas that we are focussed on. The recipe is for a largecap outperformance next year. India will still continue to do well but a lot depends on if China data starts to improve. But the stars are still favourably aligned for India.”