Market likely to settle down after the big correction and a sectoral rotation will be at play: Mayuresh Joshi

"Our sense is that the markets might just settle down after the big correction that we have probably seen and a typical sectoral rotation will be at play. We have already seen pharma starting to hog the limelight. More defensives will probably come up in terms of the sectoral rotation as we consolidate over the next few days."

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