“While the concerns over rising bond yields and strengthening of the USD have somewhat abated over the past couple of weeks, worries over a precipitous rise in coronavirus
cases in India and a macro slowdown have resurfaced,” the note added.
CS Wealth is recommending investors to look at market corrections as a buying opportunity from a six- to nine-month perspective. “We continue to prefer cyclicals over defensives and mid-caps over large caps as we believe the growth could rebound sharply in the H2 FY 2021.”
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