Markets are delicately poised; how will the second half of FY24 go? Amnish Aggarwal answers

India is considered a good investment due to its growth opportunities, particularly in the capital goods and infrastructure sectors. While IT companies and PSU stocks may suffer from cooling relationships between India and the US, the current government's focus on infrastructure spending is bolstering stock markets. Pashupati Advani, founder of Global Foray, suggests investing in midcap cement and infrastructure stocks, as well as new-age businesses, such as Paytm and Zomato.

​​The search has led investors rushing for proxy sectors likely to benefit from f these trends. A case in point is the countrys $10 billion cables and wires sector. The total market capitalisation of listed C&W companies such as Polycab, KEI Industries, Finolex Cables and Havells has trebled in the past three years to hit $30 billion.

Hiren Ved says: “I continue to be extremely bullish for the next couple of years. There is no reason to be bearish. You should be mindful of what you buy, at what price you buy. You will have to keep a long-term horizon. But the kind of wealth that we will make in this cycle is going to be unbelievable. Meanwhile be confident and prepare for the worst.”

They are not in good financial health and fund would be infused in these entities to augment their solvency margin the official added

Investments in the U.S. space industry dropped 53% to $2.2 billion in the three months ending March, a report said, with high interest rates and challenging market conditions making it the lowest-funded quarter the sector has seen since 2015.

Mayuresh Joshi, Head of Research -India, William O'Neil, says earnings are expected to hold up the market because that is ultimately the crux on which the markets hinge upon. The market looks in fine fettle as we speak and both the macros and micros as far as India is concerned are holding out pretty well for the markets.

Foreign portfolio investors pumped in more than Rs 43,300 crore into the capital goods sector in 2023, and this was nearly six times higher than that in 2022, data by NSDL showed.

Pashupati Advani says: “The public sector is driving the boost in the economy. One should be bullish on those enterprises. Plus, the government will probably sell some shares off in the secondary markets. Some of them are even looking interesting to buy at these levels because I am presuming the government will want to sell at higher levels.”

“The manufacturing pack is up for good times. A lot of reforms have happened in the last five to seven years which have benefited the manufacturing companies. I think a lot more will be done in terms of reforms. So, manufacturing is one great place where a lot could happen.”

There are many facts about the logistics industry which might surprise many. Just to mention a few, a metal major has such a large fleet of owned trucks that the unit itself can be listed as a separate company and probably would figure in top 5 logistic companies. Second, in logistics, the major share is with the unorganized sector. Third right from a company which restructured its operations by selling some parts of business and then taking over another company to get into micro delivery space. To a company which increased its fleet size dramatically in the post covid era to cater to increased economic activity for auto and metal space. The whole logistics sector has seen a major shake up in the last few years.