Nifty close to highest valuation multiple, core economy sectors to do well: CLSA

Vikash Kumar Jain, Invest Analyst-India Market at CLSA believes that core economy sectors like banks and infrastructure will do well going forward.

“Core economy sectors like banks, some of the other domestic sectors like materials, some infra names should start looking up and that’s the side of COVID impacted stocks that we will be focusing on,” he added.

CLSA’s fundamental opinion is that the beta part of the rally is largely done and now it’s more towards sector rotation and that’s the interesting trade.