Infosys, Wipro top picks: Phani Sekhar

P Phani Sekhar of Angel Broking told CNBC-TV18, "On typical high beta days you have opportunities in IT, fast moving consumer goods (FMCG) and pharmaceutical sectors. Largecap IT is something that we have liked, so Infosys and Wipro continue to be top picks."

"In pharmaceutical space Ipca Laboratories is giving a wonderful opportunity for medium to long-term. The concerns have been blown out of proportion for Ipca. The company is following up on remedial action and the price correction has given a wonderful entry point for longer term investors. So Ipca is something that we would like to recommend," he said.