Infosys & Reliance are good heavyweights to buy: Alok Nanavaty

Alok Nanavaty, Director-Common Wealth Centrum Ltd. in an interview with ET Now talks about his outlook for the index heavyweights.

What is the approach that you would follow as far as the index heavyweights are concerned? What are you broadly underweight on and what would you buy?

Within the index heavyweights, I would certainly be fairly bullish on the IT space, the likes of Infosys would certainly be what I would be looking for on the long haul as well as to some extent even Reliance would make for a good long-term bet from current levels. It can easily have an upside of around 15-16% in the course of the next 12 months, so these are two specifics within the index that I would be suddenly looking for.