Fund Manager’s Insights on Market Trends and Expectations for 2024

Fund Manager's Insights on Market Trends and Expectations for 2024

VoM News Desk | December 25, 2023 | 11:39 AM IST | Breaking News | Follow on Google News

Fund Manager’s Insights on Market Trends and Expectations for 2024 /Mint

Fund Manager’s Insights on Market Trends and Expectations for 2024

Santosh Singh, a fund manager at Motilal Oswal AMC, shares his perspectives on the current market trends and the potential outlook for the forthcoming year. In an interview with Mint, he sheds light on several aspects shaping the investment landscape and offers guidance for retail investors.

Anticipation from the Interim Budget and Market Expectations
Singh doesn’t foresee significant announcements in the forthcoming interim Budget, being the final one before the general elections. Instead, he emphasizes the importance of policy consistency in capex, manufacturing, and development. He believes that the government’s continued focus in these areas will be crucial for market sentiment and future prospects.

Market Upsurge and Future Trends
Attributing the market’s upward trajectory to improved economic growth, better US macroeconomic conditions, and political clarity, Singh suggests that next year’s trend might be more moderate due to relatively higher valuations and the pricing in of positive macro factors.

Top-performing Sectors and Expectations
Sectors such as manufacturing, capital goods, autos, energy, and PSUs were among the top performers in 2023. Singh anticipates that the capital goods sector will continue its strong performance, given the ongoing governmental emphasis in this domain.

Forecasts for the Upcoming Year
Expecting a moderate year ahead, Singh highlights that several positive factors are already embedded in valuations. However, he believes that the IT sector might surpass expectations, particularly as interest rates are expected to have peaked.

Impact of General Elections on Market Indices
Singh notes that the market has already factored in expectations of a significant majority for the current government. Consequently, if this anticipation materializes, he foresees the broader indices maintaining a range due to the current valuation levels.

Investing Advice for Retail Investors
Advocating a long-term investment approach, Singh advises investors to focus on companies displaying high EPS growth, strong governance, and reasonable valuations. He stresses the significance of staying committed to fundamentally sound companies despite short-term market fluctuations, as significant gains are achieved through long-term investment strategies.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.