New Delhi, Jan. 29 -- PSU banks, oil refining, Infrastructure EPC and power are among the key sectors to watch out for amid the current geopolitical and macroeconomic environment, according to Hemant Majethia, CEO & Co-Founder of Ventura Securities. In an interview with Livemint, Majethia shares his insights on Budget 2025 expectations, market valuations, and investment opportunities amid recent corrections.

Addressing concerns over market sell-offs and FII outflows, Majethia remains optimistic about India's macroeconomic outlook and advises investors on navigating mid and small-cap stocks in the current scenario. Here are edited excerpts:

A. Recent numbers point to strong tax buoyancy. Direct tax collections are expected to exceed esti...