Smallcase Manager News Today

Naveen KR expects robust stock market performance in FY25 if election outcome aligns with public opinion. He is bullish on gold and PSU stocks, skeptical about market return moderation despite high valuations and strong earnings growth. He believes that the business fundamentals for mid and small cap companies are pretty strong.

Ahead of the budget, BSE Sensex jumped 399 points to its days high of 72,151.02 while Nifty advanced 107 points to 21,832.95. However, both benchmark indices shed over half a percent each from their intra-day highs after the announcement.

Favourable government policies, higher government capital expenditure, Indigenisation, Import Substitution and China Plus One Trend continues to be at play in sectors like Capital Goods, Defence, Electronics and Textiles in particular, says Arvind Kothari.

Despite recent challenges such as geopolitical tensions from the Israel-Hamas war, rising crude oil prices, hawkish stances from the US Federal Bank, tightening guidelines on consumer loans by the Reserve Bank of India (RBI), and net outflows, the market defied these setbacks , , stock market, nifty, sensex, national stock exchange, ipos, IPO launch, Loksabha Elections 2024, mutual funds, retail investors

Except for Metro Brands, footwear companies had a bleak year as rising input costs hit their bottomline.

"We have seen China, Japan, and South Korea see a massive increase in consumption spending post attaining the per capita income level of $2000. So, a third term for Modi would signify political stability, and the outcomes of previously introduced reforms would predominantly unfold during this tenure. If the Indian economy maintains the anticipated growth trajectory, these two themes are well-positioned to be influential in the journey."

Analysts believe that the current regulatory policies and technological prowess will aid Indian mapping companies in achieving their long-term growth plans

With Dhanteras just three days away, the correction could not have come at a more opportune time for gold lovers who can utilise the dips to do some festive buying or add it to their portfolios.

Due to the illiquid nature of smallcaps, deployment takes time as mutual funds have to wait for the right opportunities. On the other hand, chasing the stocks may drive up the prices.

Indias total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BS...