Buy Asian Paints, Tata Power: Jitendra Panda

Jitendra Panda, MD & CEO at Peerless Securities told CNBC-TV18, "Market is certainly consolidating, at any rise it should be a sell. Tata Power is our top pick, buying at current level with a stoploss at Rs 89 and we believe it can go up to Rs 98 in the coming series. So that is our buy."

"In Asian Paints we could see Rs 730 and much higher later on. So from current level it is a buy," he said.

At 13:41 hrs Asian Paints was quoting at Rs 709.45, up Rs 5.70, or 0.81 percent. It has touched a 52-week high of Rs 717.55.