NIFTY 50

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

Updated : November 20, 2020 01:46 PM IST

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.

According to Jain, Nifty is very close to the highest valuation multiple. “2020 was about COVID impact, next year will be about recovery,” he added.

For entire interview, watch video
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