Market veteran Sandip Sabharwal of asksandipsabharwal.com sees select private banks as the most compelling buy right now, calls IT stocks "extremely oversold," and warns Indian investors to worry less about the SpaceX IPO and more about loss-making domestic companies commanding sky-high valuations.
Talking to ET Now, Sabharwal says: "Banks are cheap and they are well placed. From the private banking side, Axis and ICICI I would say."
