Investors see IT, consumer goods stocks delivering in the short-term

Cyclical stocks which ride an economic revival may still be the best bet for long-term investors, but the recent market crash has made some market experts look at defensive stocks, especially technology stocks, in the short term.

The BSE IT index is the only sectoral index to gain this year, with a 7.57% rise. In contrast, the BSE FMCG index and the BSE Healthcare index are down 1.71% and 7%, respectively. Meanwhile, the benchmark Sensex is up 0.65% for the year.

In 2017, the IT and healthcare indices rose 10.83% and 0.5%, respectively, underperforming the benchmark Sensex, which gained 28%, its best yearly performance since 2014. The BSE FMCG index, meanwhile, gained 31.54%, beating the Sensex. Read More