Hot stocks and sectors for Diwali

With Diwali knocking on the doors, experts give their stock and sector picks for the week. Being bullish on midcaps, they say that midcaps will be the theme of the markets from here on. According to them, all money will now flow from largecaps to midcaps.

Sumit Rohra, Antique Stock Broking, said, "Midcap IT stocks are also looking good. Midcap property and hotel as a theme will do well. The top picks will be Mahindra Gesco and Bombay Dyeing. Tech Mahindra stands out which has come out with fabulous levels. I will not buy that right now and will wait for it to come down to Rs 800 levels. Smart money will shift from large cap segment to midcap segment."

SP Tulsian, Investment Advisor, "My call will be stock specific, but still if one wants to take a call on sectors it will be tech, cement, hotel, capital goods."