Equity and other asset classes such as debt, real estate, or gold may provide investment opportunities during 2023, which would give a decent return in 2-3 years, says the brokerage
Nifty could touch 20,919 in 2023 in a bull case scenario, according to the Kotak Securities Market Outlook 2023
In a base case scenario, Kotak Securities has set Nifty target at 18,717 for 2023. However, in a bear case, the Nifty target is set at 16,515
"We can consider CY23 as the year of investment. Yes, times are still uncertain. However, I urge you all to remain patient and believe in the Indian growth story," says Jaideep Hansraj
"Crude oil prices are expected to remain volatile in 2023 as the EU will have to find a replacement for Russian crude while economic activity remains subdued," says Kotak Securities
"Volatility could be lower in 2023, but upside risk remains. We expect an overall range of 79.50 and 86.50 on spot," says the brokerage
"We assume that the world is not going to zero nominal or large negative. We doubt any of the central banks will make a quick pivot to reducing rates without assessing the nature of inflation," says Kotak Securities
"Indian economy should be supported by impact of PLI schemes, opportunities arising from shift of global supply chain, govt thrust on infra spending," says the brokerage
"Gold might finally get the recession it needed to glitter in 2023. Out of seven US recessions since 1973, gold performed well during three: 1973-75, 1979-80, and 2020," says Kotak Securities
The content mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position
National Mathematics Day 2022; Remembering Srinivasa Ramanujan
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