Currently, there is an environment of deteriorating macros and good micro, said Harish Krishnan, senior VP and equity fund manager, Kotak Mutual Fund.
With regards to earnings, Krishnan said some of them have been good but one will have to wait for other earnings.
The infra space is showing good momentum on back of government spending and within infra preference is towards the capital goods, Krishnan told CNBC-TV18.
The other interesting theme is clean India, green India and a large opportunity is seen in the gas space, he added.
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