Bullish on Domestic Recovery Theme: BofA
Jyotivardhan Jaipuria, head of research at Bank of America Merrill Lynch, says that he expects a pick-up coming through in domestic names and that trend could keep playing out for the next few years. Exporters have done very well for the last few years but we could be at a cusp of a change in sector rotation and see the domestic names do much better than exporters, he adds.
