Indian economy set for strongest growth phase since 2010 but limited upside for markets in near term, says Nomura

Even though the economy is set for its strongest growth phase, Nomura believes that the Indian market will have limited upside potential in the near term. It, however, sees foundations in place for sustainable growth over the medium to long term, it added.

Don’t expect a repeat of 2020 or 2021 this year in market, says Umesh Mehta of Samco MF

In an interview with MintGenie, Mehta stated that while there is a good chance the benchmark indices touch their peaks in 2023, they will be paired with corrections.

Global trends, macroeconomic data to drive equity markets this week: Analysts

Stocks

<ul><li>On the global front, the US debt ceiling issue holds significant importance, alongside US macroeconomic indicators, movement of the US bond yields, the dollar index and crude oil prices, said Santosh Meena, Head of Research, Swastika Investmart Ltd.</li></ul>

Market outlook: Equities look stable but is a correction coming?

<ul><li>All sectors look positive for medium to long term except for the IT sector which might underperform for some time. The idea is to wait for a little correction for fresh buying in all other sectors.</li></ul>

Careful sector, stock selection warranted, says M Raychaudhuri; sees Sensex at 66,000 by year end

stock markets

Raychaudhuri believes that FY24 will be a year of ‘middling’ returns for the Indian market and has an S&amp;P BSE Sensex target of 66,000 by the end of calendar year 2023 (CY23).

One good quarter of equity can take care of 3 years of debt market returns: Rohan Mehta of Turtle Wealth

In an interview with MintGenie, Rohan Mehta advised investors that shuffling has never been a smart option. He added that except for the contingency fund, investment in the debt market has no point and that one good quarter of equity can take care of 3 years of debt market returns.

RBI’s GDP growth projection too optimistic; a 75bp cumulative rate cut possible in H2FY24: Nomura's Aurodeep Nandi

Nandi believes beyond June, while inflation may evolve broadly in line with the RBI’s forecasts, growth would start disappointing. The policy pause will give way to a policy pivot towards rate cuts, starting this October.

Current market, economic situation the best one in a long time, says Saurabh Mukherjea

Mukherjea is not concerned about the IT sector. He pointed out that the deal activity is quite solid across the IT services industry.

Crude to dictate the market trend in coming months; IT pack won't see secular disaster, says Devina Mehra

Talking about the IT stocks, Mehra said it is a big knee-jerk reaction to Q4 results but the IT pack is not going to see any secular disaster.

Too early to say inflation war is won; infra a bright spot: Arun Chulani of First Water

Many have been dashed on the rocks of volatility trying to time the markets. It's better to take a long-term view and focus on finding well value stocks or screening for good managers, said Chulani.

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Indian economy set for strongest growth phase since 2010 but limited upside for markets in near term, says Nomura

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