NIFTY  8,926.90  0.21%
  SENSEX  28,864.70  0.36%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,267.00  -0.12%
  SILVER  42,688.00  -0.35%
  DAX  11,967.50  1.18%
  FTSE  7,274.83  -0.34%
  CAC  4,888.76  0.41%
  HANG SENG  24,202.00  0.99%
  NIKKEI  19,379.90  -0.01%
  Shanghai Composite  3,261.22  0.14%
  DOW JONES  20,743.00  0.58%
  NASDAQ  5,865.95  0.47%
  S&P 500  2,365.38  0.60%
RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

Defensive Sectors Seen As Safe Haven: ING Investment Mgmt

Video:

Play this video

July 26: Will the market sustain these levels when faced with a barrage of earnings results and the RBI in action mode? Ramanathan K., ED & CIO at ING Investment Management, does not see a major upside in markets from current levels. “People seek to hide in defensives like FMCG, pharma, consumption and IT, but these don’t really have attractive valuations anymore,” he says.