Markets at all-time high: Invesco MF bets on financials, automation, renewable energy

Invesco Mutual Fund is positive on financials as it sees asset quality woes subsiding and credit growth picking up. Taher Badshah, CIO–equities, in an interview with CNBC-TV18, said: “Financials is the way to go and that is where we are leveraging many of our strategies. A combination of both, asset quality-related pain-reducing, along with the fact that we would like to see better credit growth in the system as we go along. So, we see banks as a combination of topline, revenue kind of story also developing in coming quarters.”

On investments, Badshah said, “There is an ongoing theme of unorganized to organized, there are parts in the markets, which are more to do with specialized technology companies. We also look at specific companies, which give us a benefit of formalization of labour in the economy, financialization, automation, digital automation and renewable energy.”

A lot has been happening in the Indian markets. After crossing the coveted 16,000 mark on Tuesday, the Indian equity benchmark indices, Sensex and Nifty, continued to trade higher led by financial stocks. Nifty rose 0.74 percent and was trading at 16,250, at the time of publishing on Wednesday.