Invest in PSU stocks as a basket, not individually

This earnings season should be good for PSU banks, private sector banks, IT as a basket and the overall auto pack as well, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services.At what juncture would you tell your clients that the macro has deteriorated and it is time to start raising cash?
Crude is the most important factor for us.Rest all other factors are important but near term, crude will play a very important role for Indian equities to be in. So as long as crude is soaring, we will see the markets continue to underperform or move sideways.