In a recent report, Goldman Sachs outlined an optimistic outlook for the Indian markets and expects the Nifty to reach 21,800 by the end of 2024, implying a 12% return in rupee terms. However, the brokerage suggests that returns are likely to be back-loaded due to the challenging global backdrop and political uncertainty leading up to the elections.
Goldman Sachs forecasts corporate profits in India to grow by 15% in 2024 and an additional 14% in 2025, with the expected growth appearing to be broad-based across various sectors. The note highlights a preference for domestic sectors, including banks, autos, cement, industrials, and utilities.
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Read moreThirty-seven-year-old Manish Sharma (name and professional details changed), an IT professional in Mumbai, lost his father nearly eight years ago due to a disease. When Sharma started going through his investments, he realised that the process was not just tedious but there were hurdles galore. The added burden: His father had not named any nominee.
“The documentation process was cumbersome as it required original documents and with my father passing away in a different city, it was difficult,” he said.
The issues regarding address proof, extracting the original share certificates, allotment letters, and even legal documentation proved to be burdensome. In the absence of any nomination, he had to file a petition in the court at the city of demise to obtai…
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