Is HDFC Bank's Recent Performance a Sign of Larger Banking Sector Challenges Ahead? | ET Now

Pankaj Pandey, Head Research,ICICIdirect.com expects a 14-15% earnings growth for Nifty stocks but notes that current valuations are high. He favors the banking sector due to better valuations and consistent growth. Infrastructure and cement sectors also look promising. However, he advises caution in sectors like IT and FMCG, which face structural challenges.
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