Asset allocation: Buy smallcap banks, avoid largecap IT, bet on power, consumption: Rakesh Vyas

Rakesh Vyas of Quest Investment Managers sees market volatility as a buying chance. He favors smallcap stocks benefiting from government stimulus. Consumption is his top bet, with apparel, food delivery, hotels, and auto sectors poised for growth. Vyas is underweight on IT but selectively invests in product companies. Power remains a long-term conviction.