Infra, capital goods & banking preferred investment stocks: Karvy Stock Broking Ltd

Ambareesh Baliga, VP Karvy Stock Broking Ltd. in an interview to ET NOW said that sectors worth watching are clearly infra, capital goods, banks. For instance, SBI has come down to levels of 1975-2000 which is still about 8% far away from where it is right now. So, these are the sectors and stocks which one should start buying.

For somebody who has sold off a bit of its portfolio at 5200-5300 tomorrow 4850 may be 4800 would you recommend deploying some gunpowder?

Yeah, surely I think one should start nibbling in because you really don't know as to what is the low it will make whether it will make 4850 and then bounce back from there or whether it will go to 4600 because I mean although we have been talking of 4700-4800 levels it is good for someone to start nibbling in.

Sectors which you are talking of is clearly infra, we are talking of capital goods, banks at lower levels for example something like SBI in case it comes down to levels of 1975-2000 which is still quite far away which is still I think 8% away from where it is right now like these are the sectors and stocks which I think one should start buying.