C. Jayaram, joint managing director, Kotak Mahindra Bank, says the upcoming winter session of Parliament could be fruitful but with some heated debates on issues like FDI in multi-brand Retail. He says the markets will take real directional cues only from the 2013 Union Budget and may remain in a optimistic frame of mind. He advocates long-term investors to play the theme of falling interest rates via banks and real estate stocks.