Where To Invest In 2023
Dalal Street Investment Journal|January 02, 2023
The year 2022 was a unique one where both bears and bulls had their chances. With BSE Sensex threatening to close in negative returns for CY22 after several years of delivering positive returns, investors are adopting a cautious stance on markets for CY23.
Where To Invest In 2023

Yogesh Supekar discusses the outlook for the equity markets for 2023 while the DSIJ research team recommends top 10 picks for 2023 that should outperform the markets

The BSE Sensex has corrected by almost 5 percent from its all-time high levels. The valuations are definitely more attractive today than they were at the beginning of December when the market hit all-time highs. However, the new development on the corona virus front is something that has triggered a technical correction in the markets. The Indian markets any which ways was seen outperforming the global peers for too long and a minor adjustment was not surprising for most investors. Optimistic investors and traders believe that post price correction and some time correction the markets would be able to deliver a smart sharp recovery. Meanwhile, cautious investors are preparing for a long consolidation phase in the markets. So what lies ahead for market in 2023?

Equity Market Outlook for 2023

It may sound repetitive but the fact is that India is the fastest growing economy amongst the big-sized economies and in all likelihood it will continue to remain the fastest growing economy in the world. The Indian markets remain in good shape and even if the Indian equities do not outperform the developed markets as they did in 2022, chances are bright that the Indian markets will perform in line with the global markets. There is a remote chance that the BSE Sensex will underperform the global markets in 2023.

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