DAILY VOICE | Politically-sensitive reforms, like on land and labour, unlikely in Budget 2021: Nimish Shah of Waterfield Advisors While being watchful and focusing on quality, investors should not be under-invested in equity markets. Sunil Shankar Matkar January 23, 2021 / 02:35 PM IST Nimish Shah of Waterfield Advisors feels as the rally is getting more broad-based, cyclical sectors are already seeing some good momentum. Sectors like IT, infrastructure, automobiles and agriculture could see traction in the run-up to the Budget 2021, he said in an interview to Moneycontrol's Sunil Shankar Matkar. The government has already announced a slew of medium and long-term reforms throughout the pandemic. The latest one being the much-debated farm reforms.