There is a growing consensus that the dollar will continue to be weak, said Mihir Vora, Director and CIO of Max Life Insurance on Tuesday. The biggest unlock will be seen in financials and they will ultimately reflect the right and wrong in the economy, he added.
Speaking in an interview with CNBC-TV18, Vora said, “We have been underweight but we have been reducing our underweight positions significantly over the last couple of months because they will reflect what is right or wrong with the economy.”
Vora expects tractor segment to remain strong and recovery play will be seen in commercial vehicles segment.
“The core strength is in rural, so the commercial vehicle segment and the tractor segment is something we continue to be positive on. Cars is a bit of a cyclical, we may see some slag off in next couple of months but structurally I do not think there is a problem in the car story. We are not that gung-ho on two-wheelers,” he said.
According to him, real estate segment should continue to do well. “Without infra and real estate move, no country can grow at 7-8 percent that we aim for the next 10-15 years,” said Vora.
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