First 100 days crucial, green energy, semiconductor focus likely: LICMF CEO Jha

livemint.com:

Edited excerpts: Though the market is a bit volatile at this point, those who adopt a long-term perspective are likely to see good returns and achieve significant wealth creation for themselves and their families. Additionally, after analyzing the last eight elections since 1991, I have observed an interesting pattern: there's often a feverish speculation among investors about the election outcome. However, in the long term, the market stabilizes based on the financial performance of companies, macroeconomic factors, and turning points of sectors.

Therefore, it is important not to speculate too much and instead focus on long-term investing. With policy continuity, this government has given significant support to public sector undertakings (PSUs), infrastructure, defence, electronics sector, and electric vehicles. So, this government has taken numerous initiatives, including production linked incentive (PLI) schemes and we are optimistic about the long-term benefits of these events on development of infrastructure and defence companies.

Another factor is that consumers now prefer luxury or premium products, which are considered discretionary by the consumer. Besides, there are people staying in tier-2 and below cities who have aspirations to seek better products. It has been recently reported that people in rural areas are purchasing sport utility vehicles (SUVs), indicating that the purchase or consumption of premium, luxury and valuable products is increasing in the rural segment.

So that would be another area to watch out. When investing in the markets, investors should look at the long term. The long term story of India is positive.