Market Outlook 2024: What sectors should you bet on in 2024? Here's what 5 experts say
Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, told Mint that Nifty may hit the 25,000 level by the end of 2024. The market is witnessing tailwinds which can propel it to unprecedented levels.
As Shreyash Devalkar, Head of Equity at Axis Mutual Fund, points out, "India has the right ingredients in place to set the momentum further over the medium to long term." "The big picture is suggestive of an economy that will benefit from long-term factors such as improving infrastructure, manufacturing and the China plus one strategy ie curtailing imports and stepping up exports, formalisation of the economy and rising digitisation. India continues to be one of the few geographies globally that continues to record strong GDP growth with multiple positive drivers in place to sustain it as well.
This factor should continue attracting investors to invest in India," said Devalkar. Also Read: 5 key macro themes that will influence the market in 2024 While the outlook for the market for the year 2024 is positive, experts are positive about select sectors.
We collated the views of five experts on the sectors they are bullish for 2024. Here's what they said: Consumption and banking and financial services should be the focus at the beginning and towards the end of the year – infra and capital goods depending on the progress in capacity utilisation and fresh capacity creation.
Also Read: Stock market in 2023: Here are 10 key milestones achieved by the Indian stock market this year BFSI, Infrastructure sectors, capital goods, cement, and realty sectors are expected to do well. With rate cuts expected to start next year and focus on developing the next level of technology and AI gathering pace, one can think of
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