New Delhi, Feb. 6 -- In a recent note, brokerage house Motilal Oswal Financial Services (MOSL) stated that a slowdown in consumption and commodity weakness have weighed on corporate earnings, even as sectors such as BFSI, Healthcare, Capital Goods, and Technology delivered strong performances.

However, the government's shift from capital expenditure to consumption in its latest budget is expected to trigger a realignment in investment portfolios, leading to a potential moderation in valuation multiples across the Industrials, Capital Goods, and Manufacturing sectors.

MOSL noted that the underperformance of Consumer Staples may be nearing an end as the government's Rs.1 trillion tax relief for middle-class taxpayers is expected to boost ...