Sell PSU bank, metal on rally; financials to weigh on Nifty: CS

Moneycontrol BureauBrokerage house Credit Suisse recommends selling into rallies in shares of public sector banks and metal companies.“We believe the sentiment-driven rebound in PSU Banks and metals is an opportunity to cut positions,” the brokerage says in a note to clients.At the same time, operationally better companies like Adani Ports, Maruti, Tata Motors and Tech Mahindra are now looking attractive, Credit Suisse says.“India's domestic economy continues to show signs of strength, but popular indices like Nifty may languish for a while given the large weight of Financials, as we believe the pool of stressed assets is bigger than currently addressed,” the Credit Suisse note says.