We can classify sectors in to broadly two categories: Cyclicals and Defensives. Cyclicals are those that are directly impacted by economic growth and include capital intensive industries. Cyclicals would include Metals, Cement, Construction, Corporate lending banks, Capital Goods/Engineering, Hotels, Textiles, Telecom, Oil & Gas, etc. . Defensives sector would include FMCG, Auto, Consumer durables, Retailing, […]
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