It has been a choppy calendar year 2022 (CY22) for global financial markets amid the spectre of rising inflation that led most central banks, especially the US Federal Reserve (US Fed), to tighten their monetary policy. Most equity indices across the globe have seen a sharp fall from their respective peak levels in this backdrop.
FTSE India, for instance, has corrected 16 per cent from its October peak. The market valuation is now marginally below the five-year mean, foreign institutional investor (FII) outflows are just short of breaching the FII outflow level (as a percentage of market cap) observed during