Share Market Investors have been disappointed for the last one year. The reason is the sluggish performance of the Indian market. In such a situation, the new financial year has started. Investors are expecting a boom in the Indian market in this new financial year. However, its chances are looking slim. According to a report by ICICI Securities, Indian equity markets will trade in a range-bound manner in the near term for the next few months in a range-bound manner. Market experts say that 2023 is going to be a year of consolidation for the stock market as volatility is likely to be high.
possibility of trading in a limited range
“Overall, Indian equity markets are likely to trade in a narrow range in the near term. From a 10 per cent decline from its peak, the rally was sharp along with selling pressure at higher levels. Lower levels But this trend of buying and selling at higher levels may continue in the near term as well.” Equity markets witnessed a sharp recovery in the first half of April after being under pressure in the last four months from December to March.
PressWire18 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at Only at Presswire18.com
buying at lower levels
The Nifty 50 index was down more than 10 per cent from its recent peak in December 2022, which led to value buying at lower levels, the report said. Initially, mid-cap and small-cap stocks underperformed but later picked up as the overall market stabilised. ICICI Securities said that for equities, 2023 is going to be a year of accumulation as volatility is likely to be high with a correction during the year. Investors should focus on regular incremental buying on every minor dip from here on. Global capital markets, especially debt markets, have been extremely volatile with yields falling following the closure of two US banks and fears of contagion risk spreading to the financial sector, the report said.
Latest Business News