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Quote on Morning Market 30 December 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The most significant feature of 2022 is the outperformance of the Indian market. In a year in which S&P 500 is down by 20% and most markets are down between 10 to 20 %, Nifty is up by 4.8%. This outperformance is the result of mainly two factors: One, India’s superior economic growth; two, domestic investors support the market by buying every dip caused by FII selling. These two factors are expected to continue in 2023 too. Dollar index dipping below 104 is a positive for the market. This trend is likely to sustain forcing FIIs to turn buyers in India in 2023. Q3 results starting from Jan 12th will be the next trigger for markets. Capital goods, financials and construction-related segments are likely to post good results."

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