OMCs will continue to be range bound: Ritu Arora, CIO, Canara HSBC OBC Life Insurance

Ritu Arora, CIO, Canara HSBC OBC Life Insurance, talks to ET Now on the OMCs.

What would be your perspective on the OMCs now, the likes of BPCL, HPCL, the vulnerability to the market and also the outperformance you are seeing on the downside?

Though we have seen some correction in commodities, not as much in crude but of course rupee depreciation has eaten away into all correction that we saw.

So, OMCs have also been very news driven stock movements we have witnessed there, they will continue to be range bound in my opinion and need to be looked at with care and selectively chosen.