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The Head of Institutional Equities at HDFC Securities expects consumption demand to witness a slight pickup in FY25 and suggests adding exposure to the FMCG sector on a selective basis. ....
The good run the Indian equity market has been seeing is likely to remain stable if the current government retains power in the upcoming elections. However, global geopolitics and economic uncertainties are likely to impact the Indian economy and markets. ....
The benchmark Nifty and Sensex could see another 8-10 per cent from the current levels, said HDFC Securities in its outlook for equity markets in 2024.
The brokerage said that the market movement in the next year will not be linear, and there will be more volatility.
When asked about the market reaction to the General Elections in 2024, Dhiraj Relli, managing director and CEO of HDFC Securities, said more than the outcome of the elections, the market movement in the next three to four months will decide the market trajectory post elections. ....
The brokerage house also said that the market movement will not be linear, especially in the first half of 2024. This is because the bond market is expecting interest rate cuts in Feb-March, much sooner than what Federal Reserve indicated ....