ETMarkets Smart Talk: Agri, consumer durable & insurance could be dark horse of FY25: Kush Gupta

economictimes.indiatimes.com:

Agriculture, Consumer Durables, Insurance and Services,” says Kush Gupta, Director at SKG Investment & Advisory.

In an interview with ETMarkets, Gupta said: “The new government would enhance capital expenditure, above normal monsoon are expected to support agriculture, Crude oil prices have come down which should support inflation,” Edited excerpts:

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With election uncertainty now over – where are markets headed?
Elections in the past have always led to sharp movements pre and post-event, but history has shown that the markets finally stabilize one to six months post-event.

Amongst various factors that D-street evaluates, political stability is the most desired one. Nobody wants a policy paralysis. I think the election result has created a lot of anxiety amongst investors.

There was a lot of hype around results and expectations were very high, exit polls made it worse and then the Sensex came crashing down along with the expectations.

Primary fear is that a coalition government will make it difficult to pass reforms, India has been on a runway for 3-4 years now and a sudden brake will undo all the efforts.

Another factor is that post COVID we saw a massive increase in domestic participation, these new investors have enjoyed high returns that exceeded their targets and