Defensive Sectors Seen As Safe Haven: ING Investment Mgmt
  • Nikita Setia
  • Jul 26 2013

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.