The single largest driver of markets would be liquidity. Interest rate movement, more specifically market expectations about monetary policy, will be dominant theme for 2023.
Renewable power, electric vehicle ecosystem and sectors that have seen PLI benefits could drive the capex push, says the fund manager.
The pandemic year saw the entry of a lot of new investors, who saw the market change from trending to consolidating. Veterans share lessons on how to navigate such different environments.
"We do think 2023 should be a good year. But we must be extremely mindful of what we buy. It’s also important to know what to avoid," says Jiten Parmar of Aurum Capital.
In a freewheeling interview with Moneycontrol, Sanjeev Prasad, Managing Director and Co-Head, Kotak Institutional Equities gave a detailed breakdown on why he foresees consumption registering a pronounced slowdown, growth levels plummeting further and why lagging public investment spending is the missing piece in the larger picture of India Inc’s growth narrative
The big headwind for the market in 2023 will be elevated volatility. This is on account of multiple factors most notably the central banks.
Talking about India, Holland mentioned that the upcoming Budget for 2023-24 will also provide cues for the stock market
Budget has lost its relevance of single point big bang announcements. Government continues to focus on growth and reforms even outside the Budget. I expect the growth and reform led focus of the government to continue in upcoming budget.
From sectoral perspective we are positive on banks, auto, cement, defence, utilities and capital goods, says Ajit Banerjee of Shriram Life Insurance,
Pharma and Healthcare stocks have done well over the past few days on expectations that these will do well if India sees another large wave of Covid.
