PN Vijay's top picks

PN Vijay, Portfolio Manager, gives his outlook of the markets today on CNBC-TV18. He also picks out his top favorite stocks for the day.

Below is the verbatim transcript. Also watch the accompanying video. Q: A quick word on how the market will react to the fuel price hike?
A: I think there will be initial weakness because, the inflation, though it fell a tad last week, is still high. In the long-term, government appears to have made up its mind to bite the bullet in terms of fuel prices. It is just a matter of days before diesel also goes up and probably LPG too, but I am not sure of Kerosene.
My sense is, the biggest worry for government is the fiscal deficit. Now with the election out of the way, they are not too concerned about the fuel impact on inflation. They are hoping that monetary tightening and better food situation would bring down the overall inflation. So clearly, the strategy of the government seems to be to reduce the subsidy on itself, which may not be a bad thing in the long run for the economy. I