ETMarkets Smart Talk: Allocation towards Atmnanirbhar Bharat, infra and digitisation likely in final Budget 2024: Sandeep Raina
Infrastructure, Atmnanirbhar Bharat and digitisation which will continue to see higher focus in Budget 2024,” says Sandeep Raina, Executive Vice President- Research, Nuvama Professional Clients Group.
In an interview with ETMarkets, Raina said: “We expect some minor volatility in 2H2024; however, it will likely be a stock picker's market rather than a broad-based rally, which we have seen over the last 15 months,” Edited excerpts:
June has been a volatile month for the Indian market, but bulls managed to keep the momentum going and pushed benchmark indices to fresh record highs. What is fuelling optimism?
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisit The markets are reacting positively in anticipation of a good budget with a focus on infrastructure spending and the reappointment of key ministers has been perceived positively.
Policy continuity irrespective of coalition government are the key driver for strong market performance according to our understanding.
We also believe that there is a possibility of socialist policy in the upcoming budget which is leading to some consumption story coming back.
We have also completed 6 months of the year 2024 – how is H22024 looking? What are the important trigger points that investors should take note of?
After the recent sharp move, we expect some minor volatility in 2H;
