Current view of the Indian equity market
From the beginning we held the view that right from January 2022 to March 2023, the 15-month period will be seen as a tale of two halves. The first half where we are right now will be volatile, not outright bearish, driven by three reasons-interest rate regime change which is happening across the globe, second is spike in inflation conditions that we have seen so far, and third the troublesome geo-politics in the form of war.
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