Focus on capital goods, banks, cement space: Ratnesh Kumar

Ratnesh Kumar, Independent Market Expert told CNBC-TV18, "Capital goods, construction, industrials, banks and cement are the sectors where I would focus on and certain sectors which continue to deliver decent growth. You get value opportunities be it in software or other such areas. I think they will continue to remain at the core of the portfolio. However, you may not find deep value there whereas in the economy cyclical space, you can potentially find deep value situations and with a bit of patience there is returns to be had out there."

At 11:55 hrs Bharat Heavy Electricals was quoting at Rs 229.40, down Rs 4.10, or 1.76 percent. It has touched an intraday high of Rs 236 and an intraday low of Rs 228.