There is a possibility of interest shifting from high-beta stocks to low-beta stocks which is where again defensives will come into play, says Kunj Bansal of Centrum Wealth Management. He sees good opportunity in mid cap and large cap IT companies. He is bullish on Tech Mahindra.
Latha Venkatesh of CNBC-TV18 gives an analysis and reasons why banks saw a sell off.
Brave investors can ride the current rally in markets by betting on high beta stocks like realty and metals, as their participation has been limited in the rally yet.
"If the Budget does end up surprising the market positively, then we should see some more steam in this rally. Otherwise, we are in for some correction or consolidation," adds Sinha in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking said that the Axis Bank result is in line with their expectation and is bullish on this high beta stock.
Technical analyst Anil Manghnani of Modern Shares & Stock Brokers told CNBC-TV18 that the pullback seen in the market yesterday was on the back of fund inflow and overall strength of the market.
MD & CEO of Standard Chartered Securities India, Ratnesh Kumar says the focus should remain on high bet liquid stocks because the individual stock reaction to the Budget will die out soon.