Mumbai, Oct. 6 -- Large-cap stocks are better positioned to withstand further market pressure and could rebound sharply if market sentiment improves, while BFSI, defence, healthcare and hotels remain among the preferred sectors for the medium to long term, said Shrikant Chouhan, Head of Equity Research at Kotak Securities.

Chouhan said the market has remained under pressure for nearly eight weeks, with the Nifty falling from around 24,500 levels to 22,400-22,500. He attributed the weakness mainly to selling by foreign investors and higher global bond yields.

"In fact, we have revisited to the lows of April 2026 when the market was at 22,100 levels," Chouhan said, adding that the market was under "a lot of pressure".

He said foreign inv...