Time to book profits in retail: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Chief Portfolio Strategist, Prakash Diwan's Wealth Circle, gives his overview on retail and markets.

ET Now: What is your call on markets?

Prakash Diwan: The retail stocks are overshadowing all the other sectors very distinctly. Therefore, it is time to book profits in retail. Today could be an opportune time and we could probably start moving into stocks within sectors.

It is a great time for insurance, pension and we probably have the NIB getting remodelled. There could be a lot of reform measure that will be announced and we have enough opportunities not necessarily just from the retail side.