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Start deploying cash that you raised; market may start heading up in 1-2 days: Sanjiv Bhasin
Sanjiv Bhasin advocates a shift from capex stocks and autos to defensive sectors like IT, FMCG, and PSUs. He highlights opportunities in IT due to a weaker rupee and US spending rebound, emphasizing specific stock picks. Bhasin says: "It is a good time to start deploying the cash you have raised. By tomorrow, or latest the day after, we should be starting to head up."