Positive on BPCL, ONGC, Oil India: Dhirendra Tiwari

Dhirendra Tiwari of Antique Institutional Equities told CNBC-TV18, "Oil and gas sector has been one of our preferred segments to play in. One of the biggest reforms that have happened in India in last few years is diesel price increase. We have been positive on companies like Bharat Petroleum Corporation (BPCL), Oil and Natural Gas Corporation (ONGC) and Oil India."

"One can look at them from the perspective that under-recoveries will go down; oil price is also cooling off a bit, which will be significantly positive as far as earnings for these companies are concerned. One can also look selectively on utilities. Some companies which have been under pressure because of under-execution may see some improvement in execution - that will be very positive for National Thermal Power Corporation (NTPC)," Tiwari further added.