Bearish on oil and gas space: Gaurav Doshi, Morgan Stanley PWM

Gaurav Doshi, Morgan Stanley PWM, in a chat with ET Now, give his views on his portfolio strategy.

What has been your portfolio strategy of late and how have you used the 500 point rally on the Nifty to your advantage?

We were invested. So, we have just enjoyed the rally but on a portfolio basis, we have increased exposure to consumer discretionary. We have added names like Tata Motors and M&M after this significant fall and more importantly we have reduced exposure to oil and gas space, especially Reliance. Barring that on a portfolio basis, we have not changed anything. We have put a little more cash to work during the rally.