Taher Badshah sees bright prospects for these two sectors

The Indian market in 2024 appears ripe with opportunities, as per Invesco Mutual Fund's President and CIO, Taher Badshah. He sees much of the returns getting front ended in the first half of 2024 followed by a pause both at a global level as well as in India.

Badshah, who manages assets worth over $1 billion predicts private banks to lead in the first half of the year, attributing this to clearer interest rate scenarios. While PSU banks may not match up, Badshah sees potential in PSU segments tied to the real economy, like the investment and manufacturing cycles.

Badshah also points out the IT sector's growth hinges on macroeconomic stability in the US and other developed markets.