## ITI Mutual Fund's Equity Market Outlook for FY 2024
Insurance: The insurance sector is expected to benefit from rising disposable incomes and increasing awareness about the need for financial protection.
The telecom sector is poised for growth due to the increasing adoption of smartphones and data services.
The pharmaceutical sector is expected to benefit from rising healthcare expenditure and an aging population.
Power finance companies are expected to benefit from the government's focus on infrastructure development.
The defence sector is expected to benefit from increased government spending on defence modernization.
These emerging businesses are expected to do well due to their convenience and growing popularity.
Earnings growth trajectory: The market will be driven by companies that can demonstrate strong earnings growth.
Companies that are investing in capacity expansion are likely to be rewarded by the market.
Government policies, such as the Production Linked Incentive (PLI) scheme, will have a significant impact on the market.
The outcome of the Lok Sabha elections will also influence market sentiment.
The timing and quantum of interest rate easing globally will also impact the market.
ITI Mutual Fund believes that the current investment environment is a stock picker's market. Companies operating in the same sector may report diverse financial results, making it crucial for investors to carefully select individual stocks.
The fund house also highlighted that weak rural demand may remain a headwind for the market this year.