Nilesh Shetty stays cautious; 3 sectors see largest allocations in value portfolio

Nilesh Shetty of Quantum Advisors remains cautious despite the recent market rally, citing a disconnect between valuations and earnings growth. While favoring private sector banks and insurance due to attractive valuations, Quantum also sees long-term potential in IT services. Shetty is avoiding consumer staples and capital goods, deeming their valuations unsustainable given the latter's cyclical nature.