Early rollover data shows that metals, infrastructure including realty, and autos remain strong for June. IT might see a bounce back next month, transitioning from a laggard to a sector showing positive signals.
Rishi Kohli, Managing Partner & CIO – Hedge Fund Strategies at InCred Alternative Investments Pvt Ltd., believes that banking and IT sectors will continue to offer opportunities to buy on dips due to volatility. He is most bullish on the infra and metals sectors for the next 3-5 years, and predicts that PSU banks will outperform private banks.
Rishi Kohli says: "Historical data suggests that FIIs miss the initial upward momentum of a new bull market, but the FII flows sort of chase this momentum and once further events line up to the positive view then their flows create further positive momentum which is what I expect to happen this year."