Buy Ceat, United Breweries: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "HDFC Bank may be the one which could lead the market out of this intraday decline. I think tyres are doing extremely well today. So you can buy into Ceat with a stop loss around Rs 1,680 and look for target of Rs 1,760."

"United Breweries continues from Friday. That is a buy with a stop loss of Rs 1,020 and target of Rs 1,080. Yes Bank can be bought with a stop loss of around Rs 312 and target of Rs 328," he added.

At 14:41 hrs Yes Bank was quoting at Rs 315.30, up Rs 8.10, or 2.64 percent. It has touched an intraday high of Rs 317.45 and an intraday low of Rs 308.55.

United Breweries was quoting at Rs 1,038.25, up Rs 50.50, or 5.11 percent. It has touched a 52-week high of Rs 1,062.00.