Key Points
Analysts are forecasting that auto, banking and infrastructure are among the sectors that are looking prospective in this calendar year.. equity markets. will keep a watch on the outcome of this election, as it will have a significant bearing on short-term market behaviour..
Siddharth Khemka head (retail research), Motilal Oswal Financial Services, said,. has rallied 10-35% for six months (Nov-May period) till the announcement of election results in the past five consecutive Lok Sabha elections, from 1999 to 2019..
That being said, history, however, is in favour of a pre-election rally, he said.. ICICI Direct noted that Indian equity markets have given positive returns in nine out of the past 11 general election years...
Apart from the public sector banks, the infrastructure sector in the railways, roads, port and highways, where govt is driving the capital expenditure initiative, are looking good for this calendar year, said Dharmesh Kant, head (equity & derivative research), Cholamandalam Finance...
Meanwhile, in a recent statement, Value Stocks, a smallcase manager, said that short-term volatility closer to election results is expected, though markets will continue to remain robust over the long run...
You might be interested in
A hotel stay may cost you more this year as rates set to surge by 7-10%
03, Jan, 24Hotel rates in India are expected to rise by 7-10% in 2024, despite uncertainties surrounding events like the general election. Industry executives predict that most new supply will be absorbed, and and key business markets such as Delhi and Mumbai and leisure markets such as Kashmir could see upto 15% increase in hotel room rates this year. It's going as 15% increase in hotels currently.
After a year of exuberance, markets bid adieu to FY24
28, Mar, 24Indian equities wrap up FY24 with a shine: Realty, PSU Banks dazzle
Tuesday's crash doesn't mean the correction is over
20, Mar, 24As investors pull out money ahead of key US fiscal decision, analysts anticipate further selling in the market