Tikona Capital's Sumit Poddar believes that the fall in inflation, crude prices and commodity costs are driving a positive shift in consumer discretionary stocks, and predicts that this trend will continue. As customers regain their spending power, there will be growth across the consumer discretionary sector, especially in areas like footwear and railway capex. Poddar recognises that IT spending is down, but notes that small or midcap IT services companies are likely to show better traction.