"We are looking to get into some of the beaten down sectors to make high-beta returns in case the market continues with this momentum. Three sectors where we are focussing are steel, power and oil and gas," he said. Over the past few weeks, there have been many examples like the departure of RBI Governor Raghuram Rajan, Brexit, high inflation and poor IIP data. "Somehow, we also get the feeling that the market is discounting the 'bad news' very quickly, which may not be a good thing always. "Going forward, it is unlikely that the market would correct a lot from current level because the domestic investor sentiment has really turned positive.

Source: Economic Times July 04, 2016 09:09 UTC