Market may be more into consolidation over next 12 months: Krishna Sanghavi

Krishna Sanghavi, CIO Equity, Mahindra Manulife MF, suggests that the Indian markets might experience a consolidation phase over the next year, with returns driven more by individual stock performance than overall market movement. He highlights financials, select IT stocks, and manufacturing as potentially interesting sectors during this period, while acknowledging the recent selling pressure from foreign investors.