Financial Association December 29 (Editor Niu Zhanlin) is not surprised. The expected promotion of the continuous inflow of the funds of retail and foreign investors and the strong growth of corporate profitability.Further rising.New Delhi Stock Exchange
According to a survey by the media’s 10 fund managers and strategists, seven of them are expected to continue to rise in 2024 in 2024, and two of them will increase by more than 10%.Two respondents predicted that they would fall.The benchmark index has risen more than 20%this year, reaching a record high, and has won the MSCI Asia -Pacific Index and emerging market index.Simla Wealth Management
Unprecedented continuous rise promoted the market value of the Indian stock market for the first time to exceed $ 4 trillion, and fiercely competed with the Hong Kong stock market for the fourth ranking of the global stock market.Varanasi Investment
Because India is one of the fastest growing countries in the world, in the context of global economic uncertainty, India is still one of the most popular markets in Asia, so the gap between it and the Hong Kong stock market may be further reduced.
Driven by the growth of manufacturing and government expenditure, India increased by 7.6%year -on -year GDP in the previous quarter, becoming the fastest growing major economy.According to CITA Securities (CLSA) of the brokerage company, cheaper about 45%of the total amount of oil imports in India, which provides support for the Central Bank of India to suppress inflation.
Arun Chulani, an emerging market strategist of the First Water, said: "Multi -supporting factors should benefit the Indian stock market, including foreign capital inflows and the country’s promotion of infrastructure construction. In summary, this means that the Indian market has huge wealth value -added value value -addedChance."
Analysts pointed out that the inflow of funds of overseas investors is one of the main reasons.So far this year, overseas investors have bought Indian stocks worth more than $ 20 billion, reversing the record of withdrawal of capital in 2022.Indian Prime Minister Modi will win in the upcoming election will help consolidate the political stability situation, which is considered the key to the global fund continuing to invest in India.
At the same time, Indian domestic retail investors are also interested in stocks and are also increasingly strong, and are regarded as another positive factor in the stock market in 2024.According to data from the Indian Cohabitation Fund Association, the investment funds on the common fund in November increased by 28%compared with the same period of the previous year.
Stable corporate performance is considered another catalyst.Data show that in 2024, the profit of Nifty 50 is expected to increase by about 15%, and the double -digit profit growth will be achieved for the fourth consecutive year.Nagpur Stock
Among them, analysts are mostly optimistic about the stocks of Indian infrastructure companies, and they benefit from Modi’s large -scale infrastructure and industrial development.They are also optimistic about the information technology sector. Due to the betting of the Federal Reserve interest rate cuts and the continuous prosperity of artificial intelligence, the sector is expected to continue to rise.
Mirae Asset Capital Markets India PTO institutional director Manish Jain said: "The current market rising has digested a lot of positive factors. However, the Indian stock market may rise further, and any cooling or callback is a chance to buy."
Harsha Upadhyaya, chief investor of Kotak Mahindra AMC stock department, believes that, in view of the relatively expensive valuations of the Indian stock market, some short -term investors may tend to return to the Indian market.
Even so, as the inflation rate decreases, profits rises, and the interest of multinational companies in India is becoming stronger, India’s investment prospects seem to be better than ever.
Jaipur Investment
