business

Banks may pullback, avoid auto, telecom safest: Anu Jain

Anu Jain of IIFL tells CNBC-TV18 that a pullback is most certainly on the cards for the Nifty. "A mild rally in banks is possible in banks now, but stay out of rate sensitives for now," she says. Jain picks defensives, of which telecom is the safest, she says.

first published: Aug 29, 2011 08:34 am