Buy Bajaj Auto, advises Meghana Malkan

Meghana Malkan of malkansview.com told CNBC-TV18, "Bajaj Auto has taken support at Rs 2,000. It was anticipated because it got multiple support levels there. At that level it was a very low risk buy, so Bajaj Auto is definitely a good buy from the auto sector."

At 14:32 hrs Bajaj Auto was quoting at Rs 2,278.05, up Rs 127.55, or 5.93 percent. It has touched an intraday high of Rs 2,283.50 and an intraday low of Rs 2,124.