Market outlook for 2014 - Mr. Rohit Gadia - CEO, CapitalVia Global Research Limited

Coming year will be good for emerging market because economic growth in emerging markets is about four times faster than in developed countries. 2013 was year of IT, Pharma, FMCG and Auto. Sectors like PSU, Capital Goods which were bitten down in 2013 could be the best sectors to stay in year 2014. 2014 can be the best year for sectors bitten down in 2013 like PSU, Capital Goods.

Facing challenges of crashing rupee, corporate scams, bad political scenario, and high inflation challenges in 2013 Nifty is still trading near its all-time high levels, strengthening the market and is looking very bullish for the coming year also and it also reflects that all the bad news is already discounted in the markets.

Investors need to select those scripts which were bitten down due to bad news, but are now trading at very attractive valuations; these stocks can be multi baggers for the New Year. Also Nifty should sustain in the new higher ranges which have not been seen before and also a level of 7000 can be expected in Nifty in the upcoming year.

Source : Equity Bulls

Keywords