Ashwani Gujral of ashwanigujral.com is of the view that one can buy Century Textiles and NBCC and can sell Kotak Mahindra Bank.
VK Sharma, Head of Business, Private Client Group at HDFC Securities recommends buying Asian Paints, Mahindra and Mahindra, Sun Pharmaceutical Industries, Kotak Mahindra Bank, Dabur India and HUDCO.
Ashwani Gujral of ashwanigujral.com is of the view that Balkrishna Industries is the best tyre stock and may test Rs 1900 while RIL will probably move sideways around Rs 1,340-1,350 zone.
With this addition of Kotak Mahindra Bank, weightage of banking sector in the benchmark index will increase significantly.
Some quality names in IT and pharma are available at appealing valuations which are attracting smart money into these stocks.
The total category wise asset under management (AUM) of the mutual fund (MF) industry slipped by 1.2 percent or Rs 22,327 crore to Rs 19.03 lakh crore for the month of May 2017, but equity funds saw an increase of 2.7 percent in the same period.
Top three gainers in the private banking space include names like ICICI Bank, Kotak Mahindra Bank, and HDFC Bank which saw huge buying interest by fund managers in the month of May.
Due to the large issues from banks, Qualified institutional placements (QIP) has crossed Rs 31,000 crore already since January.
Pankaj Jain of SW Capital says that one can avoid RBL Bank at the current level.
CNBC-TV18's Anisha Jain lists out stocks that you should focus on.
CA Rudramurthy of Vachana Investments suggest buying United Spirits, Kotak Mahindra Bank and Balkrishna Industries.
VK Sharma of HDFC Securities suggests buying Can Fin Homes, L&T Finance Holdings, Kotak Mahindra Bank, Pidilite Industries, Century Textiles and Industries and Interglobe Aviation.
The market is heading northwards as there is no divergence which is seen on the charts so far which suggests there is still some moderate upside over the short-term.
Ashwani Gujral of ashwanigujral.com recommends buying LIC Housing Finance, Maruti Suzuki and Kotak Mahindra Bank.
CA Rudramurthy of Vachana Investments is of the view that one can buy Kotak Mahindra Bank, Tata Motors and CG Power and Industrial Solutions.
According to Ashwani Gujral of ashwanigujral.com, one can buy ITC, Jain Irrigation and Kotak Mahindra Bank and suggest buying banks on declines.
Kotak Mahindra Bank's promoter Uday Kotak today sold 1.8 crore shares of the private sector lender for a little over Rs 1,687 crore, bringing down his stake to below 30 per cent to meet the RBI directive.
Ashwani Gujral, ashwanigujral.com is of the view that one can sell Ceat and Sun Pharmaceutical Industries and buy Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Kotak Mahindra Bank and GMDC and sell Sun TV.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
Meanwhile, many ATMs may remain closed for software updates as they are seen as being vulnerable since almost all of them are run on Windows software. Also, over 60 percent of the total 2.25 lakh ATMs in the country operate on the outdated Windows XP.
Rahul Shah, Associate VP at Motilal Oswal is of the view that one can buy Kotak Mahindra Bank, Godrej Industries and NMDC.
Sudarshan Sukhani of s2analytics.com suggests buying Hexaware Tech, Godrej Consumer Products and India Cements.
Sandeep Wagle of powermywealth.com recommends buying Kotak Mahindra Bank.
The bank is pricing about 62 million new shares at 936 rupees each after earlier setting a 930-936 rupees indicative range, putting the total deal at 58 billion rupees ($901 million), said IFR, a Thomson Reuters publication.