'Sector rotation, a trend we saw in 2020, will continue even in 2021'

Kumar believes that as long as liquidity remains ample, economic recovery gathers steam and the Covid-19 vaccine roll-out picks up pace, markets will keep climbing the wall of worry

With the markets ruling at all-time highs, MANISH KUMAR, chief investment officer at ICICI Prudential Life Insurance that crossed Rs 2 trillion in assets under management (AUM) in the 20th year tells Puneet Wadhwa in an interview that as long as liquidity remains ample, economic recovery gathers steam and the Covid-19 vaccine roll-out picks up pace, markets will keep climbing the wall of worry. Edited excerpts:

How do you see the markets play out in 2021?

Structurally, India is seeing a broad-based recovery with less sectors going through stress despite being hit hard by the pandemic. Indian markets are yet