Indian markets may underperform in 2023; buy the dips: CJ George

The direct investment in the cash segment by retail investors continues to be muted

Fears of a systemic crisis, after a series of bank collapses in  the US, and Europe dampened equity investment sentiment over the past week. The pain emanated due to high interest rates in the US. As the rates will stay high in the near-term, so will the pain in equity markets. Against this backdrop, CJ GEORGE, managing director and chief executive officer at Geojit Financial Services  told Nikita Vashisht in an interview that India may underperform global peers due to premium valuation in 2023. Edited excerpts:

The market sentiment remains cautious despite regulators taking proactive measures in the US, and