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“Everything is cyclical or even FMCG is cyclical. Between 2003 and 2009, Hindustan Lever gave zero percent return and between 2002 and 2022, Wipro gave zero percent return. In some sectors there are shorter cycles, maybe one year or two years and in some sectors, the cycles are bigger, maybe for five years or ten years.”
Oppenheimer's chief investment strategist explains why they're overweight US equities in the current market, and reveals the four sectors they favor.
MUMBAI: Money managers expect the domestic equity market to react positively on Tuesday after the government Monday late evening announced that Covid-19 vaccines will be made available to everyone above the age of 18 years from May 1. “The concerns around economic recovery getting delayed is taken care of...this will arrest the downfall and the market can look at retracing its steps to record highs,” said Daljit Singh Kohli, chief investment officer at Stockaxis.com. The second wave of Covid-19 infections in the country had triggered fears that India’s economic recovery will be hamstrun...