 "Saion Mukherjee, managing director and head of India equity research at Nomura")
It has been a topsy-turvy four months into calendar year 2023 (CY23) for global equity markets. Saion Mukherjee, managing director and head of equity research for India at Nomura Securities, in conversation with Puneet Wadhwa, says a big worry, not discounted by markets at current levels, is the possibility of weaker growth back home or a sharp cyclical downturn. Edited excerpts:
You had set a National Stock Exchange Nifty target of 19,030 in CY23 in December last year. Is this now looking unattainable, given the multiple headwinds of high-interest rates, inflation, and a possible recession?
The macroeconomic (macro) backdrop remains
