Is it time to move away from equities and focus on debt? What analysts say

US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated

The Indian equity market is likely to remain under pressure and remain range-bound over the next few months as global central banks, especially the US Federal Reserve (US Fed), look at a possibility of hiking rates aggressively to tame inflation.

Back home, the Reserve Bank of India (RBI), too, remains data dependent in its endeavor to keep inflation in check and pursue an aggressive monetary policy stance. The possibility of El Nino has also raised the risk of stoking inflation, which in turn can keep RBI hawkish over the next few months.

This, analysts believe, presents a good opportunity for