It has been a choppy ride for the markets in the past week. As they prepare for the July-September quarter (Q2) results for 2024-25 (FY25), Gaurav Dua, senior vice-president and head of capital market strategy at Sharekhan by BNP Paribas, tells Puneet Wadhwa in an email interview that, as a strategy, they have gradually taken money off the table from overheated sectors like capital goods, engineering, and infrastructure and increased exposure to information technology (IT) services, pharmaceutical (pharma), and fast-moving consumer goods (FMCG). Edited excerpts:
What’s your market outlook for the next few months?
The markets had