In response to certain global developments like the US Fed statements and the new data points, the market could see some corrective downward movements too though may not be very significant,” says Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.
In an interview with ETMarkets, Thomas, said: “From the Emkay Wealth perspective, the two sectors that we have been recommending to investors to look at have been BFSI and Technology” Edited excerpts:
As we enter the last month of December, we are seeing some consolidation at higher levels. What is your view on the market for the year 2023?
The indices are likely to consolidate at higher ranges but need not necessarily be at peak levels. This is because the broader market is yet to catch up with the frontline indexes.
However, in response to certain global developments like the US Fed statements and the new data points, the market could see some corrective downward movements too though may not be very significant.
3 or 4 factors that we need to take cognizance of in understanding the trajectory markets are – a) the Fed Policy and the RBI policy – is there going to be sustained moderation in the quantum of rate hikes? This is mostly data-dependent.