Considering the turmoil in global markets, gold remains an attractive asset at this point. “We feel that it would be prudent to start with a higher exposure to debt and gold in 2023 and move towards equities in a calibrated manner through superior stock selection. Till there is clarity on the global macroeconomic front, it would be advisable to avoid high beta stocks and stick to cash rich and secular stories to generate superior risk-adjusted returns,” Stoxbox’s Chowdhury said.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings