'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'

In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more

As domestic equity markets linger in a range-bound territory, JASPREET SINGH ARORA, chief investment officer (CIO), Research & Ranking, in conversation with Lovisha Darad, says that further clarity on recessionary fears, peaking of interest rates, strong quarterly print from India Inc, and benign US markets would trigger the Indian equities to breach previous highs. Edited excerpts:

How long will markets remain in the consolidation phase? Factors that could trigger a break-out.

Trying to guess the market direction in the near-term may be a futile exercise. What is more important is to understand that, in FY24, India is expected to grow at