Watch For Auto, Rural Consumption Sectors In Election Season Says Vijay Chandok

The market has been on a roller coaster for most of 2023. But in December 2023 when the Sensex crossed the 70,000 mark, it brought a welcome positive end to the year. But now the question is what’s in store in 2024, the year that will see the general elections and the third test for the ruling Bharatiya Janata Party. The big event is expected to keep market participants on their toes, as election years typically bring in volatility. Vijay Chandok, managing director and CEO of ICICI Securities, spoke to Nidhi Sinha, editor, Outlook Money, about what’s in store in 2024 for the stock market, where investors can find opportunities and where they need to tread with caution. Here are the edited excerpts The markets were volatile throughout 2023, though they ended the year on a positive note. Usually, the markets are also volatile in the election season. How do you see the markets...