UR Bhat, MD of Dalton Capital Advisors told CNBC-TV18, “With the sort of depreciation in rupee has seen, IT is one sector where one could probably be investing in. Also the usual favourites during this run in the market and with the uncertainty that you see going ahead I think it is best to hide in the quality sectors like private sector banks, some of the pharma and the fast moving consumer goods (FMCG). This is where one should be overweight.”
"Also the fact that there is a very good potential for a reasonably big fall; therefore at appropriate times one should hedge by seeking some protection to the market," Bhat said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
