“Investors should focus on domestically driven sectors like banking and consumer stocks, which are attractive given India's strong macros. The defence sector also remains appealing due to global geopolitical tensions, and infrastructure could see traction ahead of the Union Budget in February. While oil & gas, energy, power, infrastructure, and export-oriented sectors (including IT) are currently under pressure, the overall strategy should be to stick to large-caps and be highly selective in mid- and small-caps, prioritizing valuations, order books, and cash flows.”