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Showing posts with the label 2023 Nifty outlook

2023: The battle continues

य :  सर्वत्रानभिस्नेहस्तत्तत्प्राप्य   शुभाशुभम् ,   नाभिनन्दति   न   द्वेष्टि   तस्य   प्रज्ञा   प्रतिष्ठिता One who remains unattached under all conditions, and is neither delighted by good fortune nor dejected by tribulation, he is a sage with perfect knowledge. —Srimad Bhagawad Gita, Verse 57, Chapter 2 In the calendar year 2022, a multitude of battles were fought. These battles materially impacted the global markets and investors. Some of the important battles were — (i)    Russia-Ukraine conflict that polarized the global strategic powers, threatening to unwind the post USSR globalization of trade and commerce; (ii)   Central banks’ battle against the multi decade high inflation, that resulted from the colossal monetary easing and fiscal incentives to mitigate impact of the Covid pandemic, while keeping the economy from slipping into recession; (iii)  China’s battle against Coronavirus, that kept ...