‘I would be a blind buyer in BFSI,’ says Rahul Arora, warns of turbulent year for equities

Rahul Arora, CEO of Ashika Institutional Equities, said investors should avoid “catching a falling knife” as the Nifty enters correction territory. He said BFSI valuations look attractive and also pointed to opportunities in IT services, defence and select consumer discretionary stocks, while advising a balanced allocation across equities, gold and fixed income.