SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD APR 05
MCX SILVER MAR 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD APR 05
MCX SILVER MAR 05
MCX CRUDEOIL MAR 19
MCX NATURALGAS MAR 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Sensex ends 750 points higher, Nifty above 14,750; auto, metal sectors lead gains

Asian stocks slip as global rally skids on inflation fears

Oil prices climb after progress on huge US stimulus bill

Rupee slumps 29 paise to 73.76 against US dollar in early trade

Will retain position in cyclically exposed sectors: Investec's Mukul Kochhar

Updated : February 23, 2021 03:56 PM IST

Mukul Kochhar, Head, Equities at Investec Capital Services, discussed fundamentals of the market and shared his perspective on how to play cyclical recovery in market.

"We have been advocating investors to be long cyclicals. For the last three months, financials are a big part of that. We are recommending investors to retain that positioning even though there has been a modest correction over the last few days,” he said.

He believes sector rotation will drive more results.

According to him, correction in the market may happen. "Given where we stand, we could get a correction. I would be a buyer of cyclical assets in that correction. There is a cyclical rebound going on, not just in India but globally. We have very easy monetary policy, which is going to sustain. Alongside that we have a fiscal stimulus which is off-the-charts. And the pandemic is also coming under control slowly in different parts of the world. All three factors are positive for cyclical assets. Therefore any correction, I will still be very committed to retaining my position in cyclically exposed sectors," he shared.

"Financials are easier to play, commodities will also benefit from that, discretionary consumption – a huge beneficiary from a cyclical rebound," he pointed out.

"Most times we are more comfortable playing this kind of a cyclical rebound to financials although commodities should also benefit," Kochhar added.

For more, watch the video.

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