Rajkumar Singhal, CEO of Quest Investment Advisors, anticipates further declines in the Nifty 50, potentially reaching 23,000, despite a recent 10% market correction. He emphasizes investment in sectors aligned with India's growth, particularly in consumption and infrastructure, as the government focuses on enhancing power, railways, and telecom. In U.S. monetary policy, conflicting forces under a potential Trump administration may hinder a significant Fed rate cut, as inflation rises amid tax cuts and tariffs, while government efficiency efforts take time to impact.
