Prefer LIC Housing, ICICI Bank on dips: Phani Sekhar

P Phani Sekhar, Fund Manager at Angel Broking told CNBC-TV18, "Within the financial space, I would be more inclined towards the housing finance names like LIC Housing Finance which cracked 9 percent today for no sensible reason apart from the global tremors."

"Among private banks the larger ones like Axis Bank and ICICI Bank are the kind of stories that will be the first beneficiaries of any turnaround both in stock markets as well as in the economy. So, that is a place that I would strongly recommend investors to accumulate in these declines," he said.