DSP MF's Sahil Kapoor: Private Banks Steady, IT Under-owned, Opportunities Emerge

• DSP Mutual Fund's Sahil Kapoor sees opportunities emerging in the current corrective market phase.
• Some large-cap stocks are trading at valuation levels last seen during the 2008 Global Financial Crisis.
• Kapoor remains positive on large private banks due to stable profitability and strong balance sheets.
• He identifies IT as a potential opportunity, noting its reduced weight in Nifty and investor under-ownership.
• Cautious on FMCG due to high valuations and limited room for fresh entry; gold rally may be peaking.