Banks remain a good structural bet: Gautam Duggad of Motilal Oswal

Banking sector is still a good structural bet and remains convinced about the underlying long term value migration in favour of private banks, says Gautam Duggad of Motilal Oswal

Continued liquidity from DIIs coupled with pick up in FII flows (especially in January) along with healthy start to the earnings season has resulted in rally in CY18, says GAUTAM DUGGAD, head of research for institutional equities at Motilal Oswal Financial Services in an interview with Pranati Deva. He also adds that banking sector is still a good structural bet and remains convinced about the underlying long term value migration in favour of private banks.
 
Markets have been on a bull run since the beginning of the year. What do you think are the main reasons behind this rally?