Buy Tata Steel, SAIL, Vedanta: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "I would avoid banks at this moment from the long side and definitely look at some of the turnaround sectors which is like metal that is showing some signs of consolidation at this levels and which I like, Tata Steel, SAIL and Vedanta are looking good for a medium-term buy."

At 14:05 hrs Tata Steel was quoting at Rs 363.70, down Rs 3.55, or 0.97 percent. It has touched an intraday high of Rs 369 and an intraday low of Rs 361.85.