MORGAN STANLEY PWM

If the FPO is called off ONGC will remove a over hang of supply on the stock and the stock could trade higher.

Even though infra is looking very attractive on a valuation front, we have being very selective of what we are choosing.

The market is looking towards the government for some reform agenda and some movement in terms of policy action.

Further concerns of rate hikes and inflations spiralling out will keep the market on the higher end.

We have added Tata Motors and M&M after this significant fall and we have reduced exposure to oil and gas space especially Reliance.

I like consumption stocks but I think that valuations do not justify any recommendation right now.

Expectations are slightly muted this quarter though we expect a lot of sectors to be in line. We do not expect too many positives.

With significant events lined up, it is a hard call to take in terms of how the market really plays out today.

There is no doubt that TCS is going to have a good quarter but the full valuations limit the upside on the stock from a price point of view.

The mid-cap stocks would definitely provide a good opportunity in this pullback.

Once the market gets back into the momentum mood and we see sort of a positive bias emerge, these stocks will get forgotten, so it's not th...

This is a sector that will always give us an opportunity to hide in, so as an investor, he would stay put if a person does not have IT expo...

We have an extremely minimal real estate exposure. The only two stocks we are looking at right now are Sobha and Phoenix Mills.

"Energy is definitely a space where we would like to be biased with a clear long-term bias, not really taking a near term view there."

"We continue to be biased in the metal space on any dip with a 12-6 month view."

"I think IT, FMCG, little bit of healthcare and selectively in the financial space there is definitely good opportunities to book profit."