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What to expect from Indian equity markets in 2023 as performance cools

While India has been a standout market this year, with the NSE Nifty 50 Index up above 7%, compared to an 18% slump in global stocks, it remains the most expensive in Asia

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Photo: Bloomberg

Subhadip Sircar and Ronojoy Mazumdar | Bloomberg

5 min read Last Updated : Dec 09 2022 | 7:45 AM IST

Indian stocks that offered a refuge from losses that plagued global equity investors in 2022 look set to lose momentum next year as sky-high valuations weigh on market enthusiasm.

That’s the consensus from analysts and strategists, who also expect the rupee to underperform emerging-market currencies broadly and the nation’s bonds to benefit from inclusion in major global indexes.

If there is some recovery in global growth and sentiment, over “6-12 months some of these markets that have become oversold may do better than India because India has outperformed so much in the last 18 months,” said Hiren Dasani, managing director

Topics : Sensex Indian markets Indian stock markets Indian equity markets Nifty BSE NSE Goldman Sachs

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