We are in a classic ‘no direction’ market; can’t go fully bullish or bearish: Amit Khurana
“We are at the early stages of a credit cycle uptick. Corporate balance sheets are pretty strong and therefore we maintain that banks will be structurally overweight in this entire uptrend. The recent consolidation is more of a time decay as I see it and the largecap banks are doing pretty well and that follows through with some of the midsize and smaller banks including PSUs. ”