Sankaran Naren favours banks, power as oil risks loom
- Posted on July 31, 2026
- By Business News Today
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- 1 min read
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Sankaran Naren favours banks, power as oil risks loom
Sankaran Naren, CIO of ICICI Prudential Asset Management, remains bullish on banks, power utilities, oil refiners and pharmaceuticals, citing attractive valuations and improving earnings despite global uncertainties. He cautioned that a sharp rise in crude oil prices could weigh on market valuations even as corporate profits recover.
