Expert view, Nov. 20 -- Asit Bhandarkar, Senior Fund Manager - Equity, JM Financial Asset Management, believes selective value is emerging in high-quality IT names. He, however, does not expect a sharp rebound but sees the chances of a gradual recovery. In an interview with Mint, Bhandarkar shared his views on market outlook, investment strategy, and FIIs. Here are edited excerpts of the interview:

The reset in valuations, the revival of corporate earnings, particularly in the mid-cap segment, resolute macroeconomic conditions, healthy domestic liquidity, and continued albeit slowing capital expenditure momentum from the government are factors that may support a cautiously optimistic market outlook. However, rapid sector rotation and the...