Look at Sintex, Jain Irrigation: Sandip Sabharwal

Sandip Sabharwal of asksandipsabharwal.com told CNBC-TV18, "We will see interest rates trend down in April, after a long wait where people were expecting it to happen it somewhere over the last one year. Companies which benefit out of that fall, are some of the debt-laden companies which has decent equity value, decent order books and working capital was hitting them. They are the companies to look at and that is the space which should benefit in terms of performance."

"However, some of the road building companies could do well and some of the companies I was looking at recently and which I have been recommending for some time are Sintex Industries and Jain Irrigation Systems. They are strong business performance companies but with lot of debt. These are the companies to focus on, in fact we saw that in the market fall some of the more riskier names started to do well because eventually the rate fall will help them," he said.

"On the overall market level, the first level which the market will try to stop at is the January lows which happened before the surprise cut happened from the Reserve Bank of India (RBI) on January 14 – that is the time the market bottomed at that stage and bounced back which was a false move because eventually we have not seen rates come down; interest rates and their earnings performance has been poor. So to that extent that is the first level which should come but eventually my guess is till May and May tends to be one of the worst period globally, we will see the global market also sell off and we will see Indian market also sell off. That will set the tone to buy, to play the rest of the year."