market-commentary

MARKET COMMENTARY

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Portfolio Commentary

Jan 21, 2023

6:33 am

Looking back and ahead The Indian headline indices closed the tumultuous year with moderate gains after hitting new highs, which is a decent outperformance compared to the major markets across the globe. Though the top and midcap indices ended in green, the year was quite somber for small-cap indices, which closed in deep red and…

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Cutting Through The Tactical Noise

Jan 17, 2023

5:47 am

• Bit of a mugs game trying to work out who is right, the Fed or the market • Better to focus on strategic shifts • Chinese and European equities look fundamentally better placed for a full strategic asset allocation • Preferred bonds an asset worthy of an allocation The market’s fixation last week with…

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Investment Strategy

Jan 14, 2023

6:02 am

• Global markets ended the last quarter on a positive note after a tough first nine months of the year • Global growth is likely to moderate in 2023 amid tighter financial conditions • Slower growth will weigh on global equities; Indian equities may underperform global peers as the divergence of 2022 narrows • Domestic…

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Shaping 2023

Jan 11, 2023

4:53 am

As we hit refresh with the onset of a new year, we wish to highlight the factors that will, in our view, determine the path that asset markets will take through 2023. Inflation: Staying higher and for much longer; we see 4-5% headline US inflation We believe that inflation will be more problematic in 2023…

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