Anup Maheshwari overweight on banks

Anup Maheshwari, Exec VP & HD - Equities at DSP BlackRock told CNBC-TV18, "We are hoping there would be a bit of a value bias in the market this year; that hasn’t been the case for quite sometime now. In a scenario where you have lower inflation, lower interest rates, a lot of operating margin improvement – when we talked about the earnings number earlier while sales growth may be muted but operating margins are going to increase because of lower raw material costs. If interest costs also head lower, that further increases your earnings growth number. So, there is a bigger mismatch between your revenue growth and your profit growth."

"There is a lot of leverage on both sides, so our sense is that interest rate sensitive names should logically do a little better or will have more earnings delta. So, to that extent banking still remains one of our overweight or largest positions in the funds as it is pretty much across most banking, consumer discretionary, the auto names who are also to some extent rate sensitives. These are two of the key sectors that we are overweight on and then some of the more longer term sectors like pharmaceuticals are looking interesting," he added.