“Bearish on energy-sensitive sectors like aviation, paints, adhesives, tyres, and chemicals due to elevated crude oil prices. Conversely, he is bullish on defensives such as FMCG, pharmaceuticals, and healthcare, expecting them to remain resilient. Growth sectors like digital platform companies are also on strong footing. Banking stocks, especially large private sector players, are fundamentally strong despite technical weakness, offering a favorable risk-reward for long-term investors.”