IT companies' earnings may reflect higher dollar rate-based orders and better margins. However, midcaps may be hit more than the larger caps. Real estate stocks may not sustain due to increasing interest rates, and the real estate developers tend not to make money. Investments in ancillaries related to the real estate sector, such as cement, steel and interiors, may be a better option for better ROEs. The oil and gas space, particularly the CGD space, is volatile due to policy changes, and investing now may not be wise.