Axis MF's Sachin Relekar backs consumer internet, financials & metals for long-term gains

The banking sector is seeing shifts in market cap leadership (SBI vs ICICI Bank) and is a perennial focus for investors. Metals are benefiting from domestic infrastructure push.

Look for entry points in fundamentally strong large private banks and metal stocks, focusing on companies with healthy balance sheets and consistent growth prospects.

For Indian markets, this story mainly matters for HDFCBANK, ICICIBANK, KOTAKBANK and the Financials, Metals & Mining, Internet & E-commerce pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Likely included in 'large private banks' offering value at decade-low valuations. Likely included in 'large private banks' offering value at decade-low valuations, despite SBI recently overtaking it in market cap. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Sachin Relekar of Axis Mutual Fund identifies consumer internet, financials, and metals as key sectors for long-term gains.
• •He believes platform businesses in the consumer internet space are nearing profitability.
• •Large private banks are seen as offering value due to decade-low valuations.
• •The metals sector is expected to provide predictable earnings driven by domestic demand and supply dynamics.
• •Risk flag: Potential for interest rate fluctuations impacting NIMs for banks