Equity markets will continue to be under pressure for next couple of months. Capital goods, Real Estate, Sugar, Cement, IT, Banking and Metal stocks to remain under fire and observe selling pressure with falling markets. In a volatile market, Analysts suggest picking defensive sectors like FMCG and Pharma. Between the two defensive sectors, Pharma is expected to witness buying support with several companies surrounded by good news. Valuations are attractive for Pharma companies and sentiment positive for the sector as a whole. With economic turmoil expected to stay for a while and commodities also crashing down heavily along with equities, Pharma in Indian space is expected to attract investors.
Analysts suggest picking - Cipla, Lupin and Ranbaxy for modest to good gains in medium term.
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