It will be a 'bottoms-up' market in 2023: Sachin Shah of Emkay

Geopolitical tensions, and high energy and commodity prices are expected to continue in 2023. Therefore, the outlook for Indian equity markets will depend on the actual growth in the domestic economy

After a tumultuous 2022, global equity markets may be heading towards an equally volatile 2023. Against this backdrop, SACHIN SHAH, fund manager at Emkay Investment Managers tells Nikita Vashisht in an interview that Indian stock markets' trajectory in the new year will depend upon domestic growth, and impact of sharp rise in interest rates on inflation. Edited excerpts:

What's your outlook for equity markets in 2023?

Global headwinds of calendar year 2022 (CY22) -- geo-political tensions, and high energy and commodity prices -- are expected to continue in CY23. Therefore, the outlook for Indian equity markets for CY23 will be dependent