Some of the rate sensitive stocks would become relatively attractive: Prasun Gajri, HDFC Standard Life Insurance Company

Prasun Gajri, CIO, HDFC Standard Life Insurance Company, in a chat with ET Now talks about rate sensitives.

What do you do with the rate sensitive pack now because some of the stocks have corrected quite a bit? Would you do some bottom fishing or you would believe that the market is in a bit of a downtrend so there will be lower levels at which you can buy into these stocks?

We will start nibbling depending on the stock to stock. There will be stocks with valuations which will start looking attractive. We will not go the whole hog but we will just start buying a little bit into some of these names because valuations are looking attractive but the sentiment is not.

More so, we will buy as it keeps falling. I think we have some more weakness to go. But from our perspective, some of the stocks would become relatively attractive now.