We do expect the January effect to come into play and we expect the budget-linked sectors to rally. So in 2023, while the Indian markets might get dented by the global recession, they will not drown.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise