Jewellery, defence, and banks: Nuvama's Nikhil Ranka reveals where to find real opportunities

Nuvama Asset Management's Nikhil Ranka identifies key investment opportunities and potential pitfalls in India's equity markets. While retail faces valuation concerns, jewellery shines. FMCG stocks offer a potential catch-up trade. Defence presents a long-term growth story, and banking is poised for a swift recovery due to converging tailwinds. Textiles have largely seen their re-rating, urging selective investment.