They believe that despite volatility in the global landscape due to “higher for longer” interest rates, high bond yields, geopolitical conflicts and high oil prices, sentiment is likely to continue to be bullish. due to India’s strong consumption and increase in infrastructure.
After a good performance in Samvat 2079, which saw investors’ wealth increase by Rs 46 trillion, stock market experts are optimistic about the upcoming Samvat 2080.
They believe that despite volatility in the global landscape due to “higher for longer” interest rates, high bond yields, geopolitical conflicts and high oil prices, sentiment is likely to continue to be bullish. due to India’s strong consumption and increase in infrastructure.
“Holiday spending will have a positive impact on consumer-facing sectors. At the same time, real estate and allied sectors can also benefit from the overall spending pattern,” said A Balasubramanian, Managing Director and CEO, Aditya Birla Sun Life AMC. In recent weeks, market participants have appeared optimistic about the performance of consumption, saying that the two main factors that will boost consumption are more money in the hands of the people and “revenge efforts”.
Deven Choksey, promoter and managing director of DRChoksey FinServ, also highlighted consumption as the key theme in the coming quarters. “Industrial consumption, rural consumption and domestic consumption will all be growth drivers in Samvat 2080,” he said.
Experts note India’s positive macroeconomic situation and improving business fundamentals, which are well positioned to benefit from investment efforts, focus on localization, Incentive programs related to manufacturing, global technological cooperation and focus on increasing exports.
Improving balance sheet strength of companies and improving health of India’s banking system are some of the positive features, Axis Securities said in a note. These should ensure double-digit returns for the stock over the next two to three years, backed by double-digit profit growth, he added. The brokerage firm expects Nifty’s EPS to grow by 15 GR in FY23-25, compared to 7 GR in FY09-23.
Contributions to systematic investment plans (SIPs) hitting an all-time high have added flavor to the market, but fund managers hope that the new year will see investments higher gross investment.
“People are staying away from one-time investments in stocks as they are seen as more expensive at this level, although there has been some outflow following the correction over the last month. Of the over Rs 19,000 crore net inflows into equity funds in October, Rs 16,000 crore came from SIPs alone,” said DP Singh, deputy managing director and joint managing director, SBI MF.
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