Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "On the buying list, we will have banks which will be the worst hit in this fall. Along with that we will also look at the top performers like IT, which will come down along with the market, not because of the sector performance but because of market performance. That will give a buying opportunity."
"In IT space especially on Infosys we have a price target of Rs 4,300-4,400 – that could be a good buying opportunity. The other two pockets are capital goods and infrastructure, and metals and autos to a certain extent," he added.
At 10:57 hrs Infosys was quoting at Rs 3,674.05, down Rs 43.60, or 1.17 percent.
The share touched its 52-week high Rs 3,799 and 52-week low Rs 2,190 on 23 January, 2014 and 29 April, 2013, respectively.
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