Markets rallying: Sell these stocks now -Personal Finance, Money,

Markets are back to rallying again with the Sensex hitting the 8700 mark in late morning trades. Market experts are once again bullish about the markets and give their take on what to sell in the current market.

What to Sell:

Ambareesh Baliga of Karvy Stock Broking believes that two-wheeler auto stocks like Bajaj Auto and Hero Honda are a sell at this juncture. He also thinks that Maruti is fully priced at current levels.

Baliga thinks that investors can sell oil marketing stocks like HPCL and BPCL at this point. He says, "Each and every rally should be used to sell these stocks. I really don’t see much of a future for these stocks at least for another year or so."

Baliga adds that his firm is cutting positions in pharma stocks like Dr Reddy's Laboratories and Pfizer.