“Sanjiv Bhasin recommends looking at midcap IT and pharma stocks. Bank Nifty is oversold. HDFC Bank’s poor performance has affected the Bank Nifty. Smaller cap banks look promising. IndusInd, Axis, and ICICI are worth considering. Midcap IT and pharma sectors have potential. Long-term investors should take this opportunity to buy good stocks. IDFC First Bank’s NIMs are above 5%. IDFC First Bank is a fine option at Rs 80. GAIL, IndusInd, and HDFC are good largecap options. ”
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