Jefferies fears another correction as Nifty flirts with 18,000; remains underweight on IT

Among the larger sectors, Utilities (16 per cent up) Autos (11 per cent up), Industrials (7 per cent up) and FMCG (4 per cent up) have outperformed while Realty (13 per cent down), materials (9 per cent down), IT (7 per cent down) and healthcare (3 per cent down) have disappointed. Banks have been broadly market performers.