Real estate and banks are top shorts, says Abhijit Chakraborty of Fortune Equity Brokers.
Chakraborty told CNBC-TV18, "In this fall rate sensitive are going to do particularly poorly and my logic comes from the fact that once again the inflation is gong to spike up and the expectation of sooner than expected rate cut from RBI may not materialise."
He further added, "At the same time we have seen deteriorating asset quality concerns coming up in SBI and overall for the banking space the asset quality issues are not behind this and most of these stocks have rallied almost 40-50%, so in the case of pullback it would be negative on rate sensitive, not only on banking but also on real estate which in some cases almost like 100% rally and with no material change at the ground or any cost of funding coming down for them. So real estate, banks would be top shorts for me."
