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Markets to look beyond second Covid wave, say analysts; bet on cyclicals

BofA Securities has cut his positioning towards defensives by downgrading Staples to neutral weight and trimming their overweight positioning for the information technology sector

Topics
Market Outlook | Investment strategies | BofA

Puneet Wadhwa & Nikita Vashisht  |  New Delhi 

Market strategy
Illustration: Ajay Mohanty

are likely to look beyond the ongoing second Covid wave in India, say analysts, who believe the cases could taper off over the next couple of months. In this backdrop, they suggest stocking up on cyclical stocks in a hope that the economy will be on the mend soon.

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First Published: Wed, April 28 2021. 11:21 IST
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