Bajaj Auto over Hero, PVs over two-wheelers; Axis, ICICI Bank preferred in financials: Sandip Sabharwal

Equity markets offer selective opportunities across autos, banks and consumption, says Sandip Sabharwal. He prefers Bajaj Auto on export-led margins, passenger vehicles for momentum, and large banks such as Axis, ICICI Bank and SBI. IT remains defensive, while equipment makers look better than power generators. A consumption revival could lift FMCG stocks.