Prefer private sector banks with a bias towards retail lenders. The second preference will be Non-Banking Financial Banking Companies (NBFCs) primarily targeting the retail customer and the third and the last option is PSU banks, says Gaurav Doshi, VP - PMS, Morgan Stanley PWM.
According to Gaurav Doshi of Morgan Stanley Private Wealth, negative newsflow, both global and domestic, could push the Nifty into a 4500-5000 band.
The Nifty has been capped in a very narrow band of about 5,160 to 5,320, says Gaurav Doshi, VP-PMS of Morgan Stanley PWM. According to him, the Nifty needs to break-up this band.
See upside in Infosys, says Gaurav Doshi, Morgan Stanley PWM.
Healthcare and IT space may surprise positively, says Gaurav Doshi, Morgan Stanley PWM.