Market Quote : The Indian market has been underperforming compared to the rest of the world because it has been trading Says Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 31 January 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The Indian market has been underperforming compared to the rest of the world because it has been trading at premium valuations, which are in contrast to the moderation forecasted in the domestic economy for FY24. The premiumization has tapered, currently trading in-line with developed markets like the US; however, we continue to trade at a premium to other emerging markets. The Adani saga has prolonged the correction as FII selling has increased. Now the focus is on the outcome of budget and Fed policy, on which the market has a mixed view.
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