“The predominant higher closings of the Nifty in 2023 were like the one seen in 2017,” said Sahil Kapoor, head of products and market strategist at DSP Mutual Fund. “Like in 2017, this indicates complacency may have set in and market participants are not prepared for any shocks that may come.”
Nishanth Vasudevan is a Senior Editor at The Economic Times, focusing on the national market in India. With a specialization in financial markets, Nishanth covers a wide range of topics including stock market trends, investment strategies, and economic developments. His articles provide valuable insights and analysis for investors and finance professionals.