Look at IT, healthcare space: Jonathan Schiessel

Jonathan Schiessel of Asburton told CNBC-TV18, "Investors probably are going back and looking over currency plays. Stocks which have benefit from this weakening rupee. So, the obvious ones over this week could certainly be IT and healthcare and obviously they are slightly more external and more defensive as well in many respects, so those sectors have done well.""We are still very much overweight financials which has been a little bit painful over the last month or two. We are still very much overweight industrials and consumer facing sectors. So, we haven’t really changed our stance but obviously the market is flip flopping all over the place in the short term," he added.