Starting off on a positive note, the 30-share BSE benchmark hit the day s high of 60,427.36, before ending at 60,395.63, higher by 650.98 points or 1.09 per cent.
There has been buzz around privatisation on the PSB front. Do you see this interest continuing?
The beaten down stocks or themes is the most interesting place and the public sector undertakings form a part of that. We are 2.5 months into 2021. The Nifty is up around 7.5%, the PSU Bank Index is up 30%. Metals are up 18% and the PSU basket or index itself is up 18%.
Globally, the beaten down spaces or sectors that have been the worst hit in the Covid fall are actually the biggest gainers. The PSUs form a subset of that basket. It is not just in India. In the two and a half months, Nifty is up 7.5% and the small cap index is up 20%. The midcap index is up 16%. So, the outperformance happening in the beaten down spaces. Thematically, beaten down spaces have been the biggest gainers in the last few months.