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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 day's 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.