Indian markets are likely to underperform peers in the short-run: Analysts

Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say

Indian frontline indices – the S&P BSE Sensex and the Nifty50 – are likely to underperform their global counterparts, said analysts, who feel global markets are set for a catchup after underperforming since the past few months.

Among the lot, US equities, they feel, still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes amid a stronger economy and a correction in crude oil prices.

Despite still elevated inflation and further tightening of interest rates in the US, G Chokkalingam, founder and chief investment officer at Equinomics Research,