IT selling nearing an end; banks and FMCG remain top bets: Neeraj Dewan

Market strategist Neeraj Dewan sees IT sector selling nearing an end after sharp correction, with Infosys and Wipro valuations turning reasonable, though advises long-term investors to wait for clarity on business growth. He remains bullish on banking and FMCG sectors, citing lower crude oil prices as a positive for inflation and interest rates, and prefers commercial vehicles over passenger cars supported by strong infrastructure spending. Retail stocks need valuation discipline despite strong quarterly updates from value retailers.