ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni
IT sector is currently a dark horse, influenced more by the global economic regime than India's policy framework,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS.
In an interview with ETMarkets, Kulkarni said: “The stock markets will likely trend upward in the next six months. The upcoming budget will be a critical factor to watch out for,” Edited excerpts:
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Offering CollegeCourseWebsiteIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitThe govt is confident of forming the govt for the third consecutive term which is a positive sign for the market. But will it be a smooth ride? What are your views?
The current government's confidence of staying in power for a third consecutive term is not a significant surprise, as they already have a majority in the lower house of the parliament.
Previous coalition governments of 1999, 2004, and 2009 had much fewer seats for the ruling party. None of the governments faced significant challenges in managing their economic agenda.
Therefore, this government is also expected to effectively manage the next five years.
Do you have further corrections in the market or have we bottomed out?
Market levels depend on various factors. The global interest rate cycle has peaked, and some developed economies have started to cut rates. The Indian economy is currently the fastest-growing major economy in the world.
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