The year 2022 will be remembered as one of extraordinary upheaval for investors. Reflecting the volatile year, the benchmark S&P BSE Sensex swung nearly 13,000 points from the low of 50,921.22 on June 17 to a record high of 63,583.07 on December 1. Incidentally, the Sensex has given a return of 5.29 per cent on a year-to-date basis till December 16, 2022, while the Nasdaq in the US is down by around 30 per cent and China’s Shanghai Composite by 15 per cent.
So, where are the markets headed in 2023? “Strong earnings trajectory continues in the Nifty 50 universe. We foresee Nifty EPS [earnings per share] growth of 11 per cent, 14 per cent and 13 per cent in FY23, FY24 and FY25 [respectively],” says B. Gopkumar, MD & CEO of Axis
