Analyst Sandip Sabharwal believes that 2024 might be a tougher year than 2023, contrary to what most analysts are predicting. He warns investors to be cautious about stocks that have seen a decent run-up in anticipation of performance improvement. Sabharwal also expresses skepticism about the IT sector, stating that while some specific companies may do well, larger diversified IT firms are facing significant challenges.
Some 70,000-80,000 jobs (a mix of permanent and temporary roles) are likely to be created as the festive pickup in demand also coincides with the Cricket World Cup, with matches being held in 10 different cities, according to an estimate by staffing company TeamLease.