Global slowdown, Union Budget: 5 factors that will guide markets in 2023

Analysts expect the Indian equity markets to consolidate over the next few months, as they fully digest the negatives of rich valuations, rising interest rates amid growth headwinds.

Photo: Bloomberg
Web Exclusive Premium

Photo: Bloomberg

Nikita Vashisht New Delhi
Equity markets largely reacted to inflation projections throughout the calendar year 2022. As the impact of the pace of price rise became more pronounced with escalation of the Ukraine-Russia war, and as the aftermath of fiscal dole-outs done during calendar years 2020 and 2021, quantitative tightening became the order of the day.

“Calendar year 2022 has been a transition year, exhibiting liquidity reversal, policy tightening, geopolitical concerns, and a rising inflationary scenario which led to higher commodity prices for the first half of the year,” Axis Securities highlighted in a year-end report.

Going ahead, analysts expect the Indian equity markets

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 29 2022 | 9:29 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com