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EquityMarket Outlook June 2024 By Trideep Bhattacharya, Edelweiss Mutual fund – released on 24th June 2024

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Summary

Nifty50 index saw 14% YoY earnings growth in March quarter fi 24. Industrials and capital goods sectors up, while consumer stocks down. Expect transitions in 2024 with manufacturing sectors leading.

Key Insights

  • Industrials and capital goods sectors show resilience amidst market fluctuations.
  • Consumer stocks, particularly in rural and lower income segments, facing challenges. –
  • Elections in 2024 may lead to policy continuity and potential rural-focused measures.
  • Valuations of large cap stocks reasonable, while mid/small caps are relatively expensive.
  • IT services sector poised for growth as global economy stabilizes.
  • Balancing portfolio across market capitalizations is key for risk management.
  • Earnings resilience expected in sectors like Industrials, power, and real estate for investors.

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Mutual Fund investments are subject to market risks, read all scheme information and other related documents carefully before investing. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to your specific requirements, legal, tax and financial implications of the investment/participation in the scheme before investing.

  • Registered mutual fund distributor ARN:152411
  • Registered mutual fund distributor – Code No - 18016

Pictern Technologies LLP is AMFI Registered mutual fund distributor (registration no ARN – 152411) and a BSE registered mutual fund distributor (code – 18016) with registered office at Hyderabad, India

disclaimer

Mutual Fund investments are subject to market risks, read all scheme information and other related documents carefully before investing. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to your specific requirements, legal, tax and financial implications of the investment/participation in the scheme before investing.

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