It will set the tone for probably better earnings growth in the subsequent quarters. Even if you want to break it sector wise, it is probably going to be in the same manner. It does figure in the contra funded figures in the few other funds as well so that has been our incremental positioning. Core positioning still remains significantly towards some of the private sector names where we have not really changed as much. The last clear sector kind of contra call that we were able to identify and which we played very well in the contra fund was IT.

Source: Economic Times April 13, 2018 06:00 UTC