Prateek Agarwal of Ask Investment Managers discussed with CNBC-TV18 the market fundamentals and some sectors to bet. Agarwal said he expects the market to regain its earlier highs over the next few months given that the economy is recovering.

"Economy is recovering, interest rates are low and we have this huge investor class which is in the money," said Agarwal.

“We do expect the market to regain its earlier highs over the next few months in this fiscal given the fact that economy is recovering; we do expect Q4 to show growth over Q4 of last year," he added.

Talking about FY22, he said, “FY22 in terms of EPS for the index -- if we end FY21 at somewhere around Rs 460-470 range -- should be Rs 560-570 at the minimum.”

He likes insurance, pharma (chronic space), retail NBFCs and technology.