As part of the portfolio readjustment for the year 2024, the brokerage prefers increasing exposure to largecaps (over smallcaps/microcaps). It would be better to tactically take home some profits in the broader market (read small/microcaps), it added.
In 2023, Nifty exhibited a remarkable feat by achieving its eighth consecutive year of positive performance, underscoring its resilience amid various challenges. While challenges persist, the Indian growth story continues to be compelling.