Indian equities risky on foreign selling, high valuations; auto, metals, monopolies safer bets for 2026: Ajay Srivastava

Foreign investor selling, high valuations and policy-driven volatility are keeping Indian equities risky despite index highs, says Ajay Srivastava, Managing Director of Dimensions Corporate. He advises diversification, caution on expensive stocks, and selective exposure to autos, metals, telecom and monopoly-led sectors for 2026, while consumer discretionary and IT remain under pressure.