With the rise in first-time investors in the stock market, experts provide guidance on sectors and categories to invest in. They suggest considering capital goods and consumer sectors for potential revenue and margin benefit. IT and BFSI sectors also present growth opportunities due to increasing IT spending and outsourcing in India. Additionally, experts recommend large-cap and blue-chip stocks for first-time investors to benefit from policy rate cuts and potential inflows of foreign investors’ money.
Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India achieved the highest-ever share of sales from rural markets in 2023, driven by improved consumer sentiments and increased liquidity among the rural population. However, rural demand for FMCG and consumer durables was impacted by inflationary pressures.
India’s industrial output growth slowed in September, with the manufacturing sector, consumer durables, and non-durables remaining sluggish. The index of industrial production (IIP) rose 5.8% in September, slower than the previous month’s 10.3%. The article discusses the specific growth rates of different sectors and the factors contributing to the slowdown in demand.
