ETMarkets Smart Talk: Stock picker market! Nifty could give 10-12% return in next 1 year amid volatility: Jyoti Roy

"While we expect Nifty to give a 10-12% return over the next year, we also see volatility levels going up in the near term given uncertainties to global growth due to aggressive tightening by the US Fed. While the US Fed may not raise rates further, high-interest rates, withdrawal of liquidity by the US Fed and uncertainties over global growth will have an adverse impact on FPI flows."

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