ETMarkets Smart Talk | IT, Pharma face global headwinds; Banks and Telcos offer safety: BNP Paribas’ Abhiram Eleswarapu

The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.

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