The Nifty had a historic opening on Tuesday as the index entered the five-figure mark of 10,000 for the first time ever.
For fund houses and managers, while this is a landmark achieved, this is not a moment for worry or exuberance, said Kotak Mutual Fund, adding that the focus is always on picking up the right stocks and at the right values.
So, what are the sectors which could offer the balance between growth and reasonable valuations?
“There are three sectors where valuations are reasonable in terms of historical leverage,” Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company (AMC) told CNBC-TV18 in an interview. IT, pharma and PSU banks or corporate-facing private banks were few of the sectors. You have opportunity to enter stocks that are trading below averages, but one needs to pick them up on a bottom-up basis.
