Q3 FY24 Results Preview - Domestic Cyclicals To Drive Earnings Amid Benign Macros: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Best among the restRewind and relive the magic: India ended the eventful CY23 on a high note, with the nifty delivering 20% returns, marking the eighth consecutive year of a positive close. The expectations of the peaking of rate hike cycle, moderating inflation, improving liquidity, and consistently rising retail participation in equities, along with strong corporate earnings, drove this performance. The resounding victory of Bharatiya Janata Party in the three key state elections in December 2023 added to the positive sentiments as it further strengthened the expectation of political continuity after the 2024 General Elections in April/May 2024. Even over the long term, India continues to be one of the top-performing markets with a 3-/5-/10-year return compound annual growth rate of 16%/ 15%/13% (in local currency terms) and a CAGR of 11%/11%/10% (in $ terms)..Sharp outperformance by mid/small-caps: The highlight of CY23 for Indian markets was the sharp outperformance of mid- and small-cap stocks. The nifty midcap 100 (up 47% YoY) and the nifty smallcap 100 index (up 56% YoY) outperformed the nifty by a wide margin in CY23. Even as foreign institutional investors flows turned around in CY23 ($21 billion of inflows in CY23 versus $17 billion of outflows in CY22), the domestic flows remained resilient with $22 billion of inflows (+ $32 billion in CY22) amid hectic primary and secondary market activities..Click on the attachment to read the full report:.Chemical Sector Q3 Results Preview - Revival Likely But Timing Is Uncertain: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Q3 FY24 Results Preview - Domestic Cyclicals To Drive Earnings Amid Benign Macros: Motilal Oswal

Banking, financial services, insurance and auto would continue to lead, while contributions from cement, capital goods, and metals to improve.

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Q3 FY24 Results Preview - Domestic Cyclicals To Drive Earnings Amid Benign Macros: Motilal Oswal

Banking, financial services, insurance and auto would continue to lead, while contributions from cement, capital goods, and metals to improve.

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