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Geopolitical crisis may not impact D-Street, two RBI rate cuts likely this year: Bonanza Portfolio’s Achin Goel
In an exclusive conversation with Zeebiz.com's Roshni Agarwal, Achin Goel of Bonanza Portfolio predicts that the Indian stock market will remain unaffected by geopolitical crises and is likely to see one or two rate cuts of 25 bps each by the Reserve Bank of India (RBI) in the second half of the current fiscal year. Despite global challenges and geopolitical concerns, India's economic performance has remained robust, with impressive returns in the stock market. The volatility index India VIX recently crashed 20 per cent in a single day, and the Federal Reserve's announcement of a peak interest rate cycle and planned rate cuts of 75 basis points (bps) in calendar year 2024 (CY24) triggered a global market rally. Goel also shares his views on midcap and smallcap stocks, sectors he is overweight or underweight on, and his preferred investment strategy for PMS schemes. He also addresses common queries from investors and provides insights on the current market trends.
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