Banking and IT stocks have come down to very reasonable valuations: Arun Malhotra of CapGrow Capital Advisors

"Even descent results are going unnoticed. Take the Infosys and Axis Bank results where the outlook going forward is bullish, but the stocks are down. The markets will be range-bound between 16k to 17.5k Nifty levels."

Banking and IT stocks have come down to very reasonable valuations: Arun Malhotra of CapGrow Capital Advisors
"Even descent results are going unnoticed. Take the Infosys and Axis Bank results where the outlook going forward is bullish, but the stocks are down. The markets will be range-bound between 16k to 17.5k Nifty levels."