Government unlikely to tinker with capital gains tax; market leadership to stay with cyclicals: Hiren Ved

There is always sector rotation. But the leadership that we have seen in power, capital goods, defence, railways, the so-called cyclical sectors is not going away anytime soon. They may go sideways, they may correct, but that is part of the healthy trend. It is a long-term trend and is not expected to reverse soon, says Hiren Ved.