Market Correction: Where Should Retail Investors Invest? Pharma, Metals In Focus

Indian markets could remain sideways over the next three months amid global uncertainty, but market corrections may offer opportunities for long-term investors with a one-to-two-year horizon. Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, explains which sectors investors can consider and where caution is warranted. Pharma emerges as a defensive pocket amid a weak rupee and inflationary pressures, while metals such as copper, aluminium and zinc could offer high-beta opportunities. The discussion also covers why fresh buying in banks, NBFCs and I.T. may require caution amid rate-hike expectations, profit-taking risks and global headwinds.