Look at power utility space: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "The sectors that need to be watched specially the power sector and within that power utilities as well as power equipment manufacturers. We saw Bharat Heavy Electricals (BHEL) result yesterday, which was quite below expectation. At the same time there are some smaller power equipment manufacturing companies which have reported decent numbers."

"Companies like Triveni Turbine, TD Power Systems, Techno Electric and Engineering Company which are smaller power equipment manufacturing companies, have reported better numbers. So there is a divergence but that is one sub-segment within the overall infrastructure sector that needs to be watched out for performance," he said.