Abhishek Agarwal sees Nifty trading in 17,000-18,500 range in FY24; PSU could be dark horse

Carnelian Capital Compounder Fund aims to invest in a concentrated portfolio of 25 long-only stocks within its QARP framework, focusing on capturing the trillion-dollar Indian market opportunity. In response to macro headwinds and geopolitical issues, all flagship schemes have reportedly delivered decent outperformance versus its benchmarks. The portfolio is reportedly evaluated within two broad baskets--Magic (50%-60%) and Compounder (30%-40%)--to identify companies with visible change and a blend of sustainable earnings growth.

After a year of rate-tightening, liquidity conditions may ease and interest rates may lower in 2024. Arindam Mandal, portfolio manager at Marcellus Investment Advisors, anticipates a return to the 60/40 asset allocation model for the average investor. For Indian investors, he recommends a 70% allocation to domestic equity and a 30% allocation to global equity.

“If you look at the kind of companies where the stocks are going up even more are the ones that are not even covered by many research houses. So the stocks that are the smaller ones, not in any coverage by the sell side are still seeing a lot of rally. So clearly, there is some irrationality.”

Indian markets are likely to continue their rally thanks to benign liquidity, stronger-than-expected results so far in the current quarter, and diminishing pressures on pricing. Underperforming sectors such as pharmaceuticals as well as capital goods, consumer durables and defence companies offer good opportunities. Stocks of safe bets, like ITC, Britannia and HUL, are doing well due to favourable valuations and strengthening ownership in a scenario of intense uncertainty before the election.

India Business News: Maruti Suzuki India's net profit in the September quarter rose by 80.3% to Rs 3,716.5 crore, driven by higher sales, cost reduction efforts, and incre

Nimesh Chandan, CIO of Bajaj Finserv Asset Management, believes that the markets have reached fair and higher than reasonable valuations. A change in approach is necessary, and investors should look for bargains in undervalued areas. The paint industry is experiencing an influx of new players, which may impact existing players' market share and valuations.

Pawan Kumar advises caution in the Indian market due to heightened volatility and valuation premiums in mid & small-cap stocks. Customized asset allocation based on individual factors is recommended for FY25, with a neutral stance on the Indian Equity market.

India Business News: NEW DELHI: The World Bank (WB) and the Asian Development Bank (ADB) on Tuesday lowered the growth projection for the current financial year, citing we.

Deviations in actual conditions from expectations of the consensus tend to rattle markets, resulting in sharp moves up and down. This explains the current volatility in global and domestic markets.

With global economic uncertainty persisting, and central banks around the world continuing to provide liquidity to the markets, it is expected that there will be positive returns for investors in the near future, even in the event of a correction. While there are still some risks to consider, such as regional banks in the US, overall, the global economy is doing well. Indian earnings are looking robust, and while valuations are becoming attractive, there is still scope for further compression.