Vora expects domestic-focused themes to do well in 2023.
Amidst fears of a global slowdown, Max Life Insurance's Mihir Vora sees the Indian markets clocking positive returns in a base-case scenario.
The valuation of Indian markets is neither cheap nor expensive, according to Vora.
Vora expects global central banks to continue with their monetary tightening stance. RBI did the right thing by keeping its options open, he said.
Investors must focus on domestic-focused themes such as financials, industrials, and consumer discretionary, which may lead markets higher, Vohra said.