Go for high-quality and high-growth segments of the market; look in these 4 sectors: Vinay Paharia

Vinay Paharia, CIO of PGIM India Mutual Fund, identified overvalued conditions in smallcap and midcap segments but saw opportunities in high-quality, high-growth sectors such as IT, consumer discretionary, specialty chemicals, and healthcare. He highlighted the influence of potential rate cuts and capital flows driven by Bank of Japan's recent rate hikes on the market.