To summarise, Pankaj Pandey believes the HDB IPO has limited impact on HDFC Bank. Banking as a sector may stay under pressure in the first half of the year, but could recover later. Despite earnings cuts, the market remains on track for further gains with solid domestic liquidity support. Investors should remain selective, especially in autos and industrials, and focus on high-conviction stock ideas like ITC, Tata Motors, VA Tech Wabag, Lumax Auto, and HEG.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)