Rajkumar Singhal, CEO of Quest Investment Advisors, has expressed a cautious outlook for the Nifty 50 index, predicting a potential dip to 23,000. Singhal advises clients to consider increasing their investments as the market approaches this critical level.
Singhal's investment strategy focuses on sectors that align with India's long-term growth drivers, such as the consumption space and infrastructure development.
The US monetary policy is under scrutiny, particularly in light of potential changes under a new administration led by Donald Trump. Inflationary pressures in the US have begun to resurface, prompting Federal Reserve Chair Jerome Powell to indicate that there is no immediate urgency to implement aggressive rate cuts.
The interplay between fiscal policy and monetary policy will be crucial in shaping the economic landscape in the coming months.