ETMarkets Smart Talk: Long term bets! Axis Bank, ICICI Lombard look attractive from BFSI space: Manish Jeloka
"While we expect the volatility in the markets to continue in the near term as the US Fed continues its rate hikes, we believe that inflationary pressures should start easing off in H2CY2023 which will allow central banks to cut rates which will be positive for the markets. In such a scenario we will advise investors to use any near-term volatility in the markets to increase exposure to equities. We expect the markets to start on a new uptrend in CY2023 once inflation levels come down."