Infra, real estate, power gen strong themes: Mirae Asset

The markets are trading at a fair value, but expects a positive market in December and January. He feels that the rally is likely to spread further into the mid & small caps. Out of the sectors, he identified real estate as attractive and said that the investors are looking at Tier-II companies there. Power valuations seem slightly stretched in the short-term, Pandey said. Infra and power generation remain strong themes for the next 12-14 months, he opined. Pandey said that sugar and textile sectors are likely to remain subdued.