Mkt attractive at 8250-8300; like banks, autos: Edelweiss

At first glance, HCL Technologies numbers look disappointing, says Vikas Khemani, CEO of Edelweiss Securities. High investor expectation could be partly to blame, he says, as the company has delivered steady growth in the past. But he advices long term investors to stay invested.

In an interview to CNBC-TV18, Khemani says the earnings season in general may not have too many positive surprises. Factors like the financial turmoil in Greece and back home, tax claims on FIIs for prior years could drag the Nifty down to 8250-8300, he says.

According to Khemani, that is an attractive level for investors to get in.

He recommends buying stocks in the auto and banking sectors as these are best placed to benefit from a recovery in the economy.