According to the fifth edition of the Moneycontrol Market Sentiment Survey, financial stocks will be the biggest contributor to the further rally in the market. It has also emerged from this survey that equities will continue to be the first investment choice of investors. When it comes to the stock market, just like in cricket, Bollywood and politics, everyone has their own opinion on it. But what matters most is the opinion of money managers on the market. The goal of the Moneycontrol Market Sentiment Survey is to gauge the mood of the market and predict the future direction of the market.
With the economy showing signs of recovery, experts are optimistic about the growth ahead. According to the IMF’s October World Economic Outlook, which came last week, there are signs of smart recovery in India. The IMF has kept India’s GDP growth forecast at 9.5 per cent for the fiscal year 2022. The IMF has also said that in the financial year 2023, the country’s GDP can grow at the rate of 8.5 percent. Similarly, the World Bank had also announced last week that India’s growth would remain at 8.3 percent this year.
Looking at the domestic market, Nifty also crossed the level of 18,500 on 18 October. The market is continuously hitting highs on the back of money coming from new investors and institutional investors. It is against this background that Moneycontrol has completed the fifth edition of its Market Sentiment Survey. Twelve fund managers with assets management of Rs 2.5 lakh crore have participated in this survey.
Half of these fund managers believe that the Nifty may touch 20,000 next year and equities will see the best returns. It has also emerged from this survey that for the next 12 months, Make in India and Internet based companies will be the two biggest investment themes.
75 percent of the experts who participated in this survey believe that the financial sector will be the biggest contributor to the next rally of the market. The veterans who participated in the survey also believe that the biggest risk is the fear of rising interest rates and inflation ahead of expectations from the US Fed. Nearly half of the fund managers who participated in the survey expect the US quantitative easing program to be closed by the end of FY22. While a third of the people believe that this program will be closed by the middle of FY 2022.
50 percent of the participants in this survey believe that there are supply related problems at the global level, energy crisis, restrictions imposed by China on industrial activities to achieve the environment goal, on different sectors and companies. can make an impact. He also said that all these things can have a negative effect on the economy. But there will not be much impact on the market.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.
.