What should investors do?
With most of the positives already in place, Nifty is expected to deliver single digit returns in 2024. “Risk-reward ratios currently favor large-caps over mid- and small-caps, and in our view, PSUs still have the potential to outperform. We remain constructive on banks, select NBFCs, real estate and pharma. Stay tuned. Investors with a long-term horizon may start accumulating chemicals and IT stocks on dips,” said Jitendra Gohil of Kotak Alternate Asset Managers. Experts suggest multi-asset investment strategy as equity and non-equity Both can provide moderate returns.