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Market Experts’ Predictions for 2024

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As we stand on the first week of a new year, market experts and smallcase Managers share their insights on the anticipated trends that might shape the financial landscape in 2024. Here’s a comprehensive overview of their thoughts and expectations:

Election Euphoria and Interim Budget
The upcoming Indian and US elections are poised to bring heightened political fervor in 2024. Following the recent state elections, expectations are that the election euphoria will be even more amplified. Market watchers are particularly interested in the interim budget, speculating potential allocations towards infrastructure and rural development.

Naveen K R from Windmill Capital and Divam Sharma from Green Portfolio pitched in their opinion on the same.

“The most awaited event in 2024, in India, is the central elections. The outcome of this event will have a significant impact on markets. Besides this, it will be interesting to watch out how different sectors will perform based on the demand environment.” – Naveen K R, Senior Director, Windmill Capital

“Since elections are coming up, the interim budget is going to be interesting too. The govt. may look at allocating more funds to infra, and rural development this year.” – Divam Sharma, Founder, Green Portfolio

Global Interest Rates
Interest rates, a significant focus this year, continue to be of great importance. Investors are expencting potential interest rate cuts by the Federal Reserve. A reduction in interest rates can positively affect many sectors primarily banking and financial services and real estate.

“Interest rates have been of great significance this year but looking forward, the expectations, or rumours I’d say are that the Fed is going to cut the interest rates. That combined with Japan’s negative interest rates is something global equity markets are closely following.” – Divam Sharma, Founder, Green Portfolio

“In 2024, keep an eye on the potential Fed rate cuts in the US, with markets anticipating a 0.75% reduction in the fed funds rates. If this unfolds, it could trigger significant Foreign Institutional Investor (FII) inflows, particularly benefiting emerging markets like India.” – Vivek Sharma, Founding Team, Estee Advisors

“Looking ahead to 2024, the financial markets are poised to be influenced by a series of major trends. A key expectation is the easing of global interest rates, which could create a more favorable investment climate and stimulate economic activities worldwide.” – Sonam Srivastava, Founder, Wright Research

IPO Boom
In the Indian context, the IPO boom is expected to persist into 2024. The year has witnessed a surge in IPOs, and the excitement, especially among retail investors, remains palpable. SMEs (Small Medium Enterprises) continue to be in focus, reflecting India’s status as a hotspot for growing companies. Anticipation is high for increased private capital expenditure, and projections suggest a potential uptick in Foreign Institutional Investor (FII) inflows, especially with expectations of US interest rate cuts.

Here are some of the Potential IPOs we can expect to see in 2024:
The Indian IPO market is gearing up for an exciting year in 2024, with several high-profile companies planning to raise capital through public offerings. While the final list is still evolving, here are some of the potential IPOs that have generated significant buzz:

Ola Electric: The electric vehicle arm of Ola, a leading ride-hailing company, is aiming for a blockbuster IPO between $700 million and $800 million. This would potentially be India’s first IPO in the motor sector in nearly 20 years and is expected to attract significant investor interest.

PhonePe: This digital payments giant, backed by Walmart, is reportedly considering an IPO sometime in 2024 or 2025. With a valuation nearing $14 billion, PhonePe’s IPO could be one of the largest in Indian history.

OYO: The hotel aggregator OYO Rooms, which suffered during the pandemic, is now experiencing a revival. Its IPO, potentially happening in 2024, could raise funds for further expansion and debt reduction.

India’s Growth Story
The India growth story remains strong, fueled by advancements in manufacturing and increased global demand. The technological landscape, driven by AI and tech advancements, is set to continue transforming industries, offering new investment opportunities. Additionally, renewable energy can gain momentum as the world shifts focus towards sustainable solutions.

Buoyed by robust domestic demand, strong investment, and a young workforce, India’s economic engine looks set to take off in 2024. A potential global rebound and government reforms further sweeten the pot. Overall, the sun shines bright on India’s economic horizon, paving the way for continued growth in the new year.

In summary, 2024 is anticipated to be a year of sustained growth for Indian markets.

Abel Mathew

Marketing Enthusiast | Product Marketing at smallcase | Cinephile ----The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Smallcase Technologies Private Limited does not uphold nor promote any of the views / opinions.

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