Longer-term, private banks look attractive; bullish on domestic pharma: Nitin Raheja

Nitin Raheja from Julius Baer Wealth Advisors believes private banks offer attractive valuations for long-term investments. The banking sector is seen as promising, despite regulatory challenges being priced in. The Nifty index, driven largely by financials, has room to grow. Mixed trends are observed in the festive sales, with potential for rural FMCG revival.