According to me the best industry would be banking or finance. These industries are at their all time lows. So it would be the best time to invest in these now. There are other sectors like the real estate or textile industries which have been batter to their all time lows, but expecting them to give good returns in the near future would be almost impossible. Infact, many of the companies in these two sectors are about to shut down. So better to stay away from these.
Looking at the stability of the companies I like SBI. There are couple of others like ICICI which I would like to avoid even though there are of the same sector. Nationalized banks are always a safe bet. In the finance sector reliance capital seems a safe bet mainly because it has reliance name associated with it ;).
Surely this is not a time to go for penny stocks. So dont go for small stocks even though it may give good returns. If you have an appetite for high risk go for it. My bet on small stocks goes to Arvind Mills and Ispat industries.
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