Focus on consumption stocks in the current market: Rajan Malik

Rajan Malik, Head Equities, Private Client Group, MF Global in a chat with ET Now gives his views on markets today.

ET Now: After a 14% appreciation in this calendar year, where are the best opportunities in this market to put money to work?

Rajan Malik: We are of the opinion that the market upside may be capped and there are downside risks in terms of policy inaction and global headwinds.

In that, we would recommend people to move back at the upper end of the band into defensives. At the lower end of the band, get into high beta plays like real estate, infrastructure. At the upper end, domestic consumption stories need to be the ones to focus on.