Ahead of the beginning of Samvat 2079, the Hindu calendar year, domestic brokerage Axis Securities said the Indian equity market will likely outperform led by favourable macroeconomic factors and better-than-historical fundamentals of Indian corporates.The brokerage firm believes housing and banking will be major themes to watch out for in 2023 on account of their improved economic outlook and the pick-up in credit growth, while the QSR space is well-placed to deliver superior returns. Here are 9 Diwali picks for long-term portfolio from Axis Securities:
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation