Look at TCS: Nipun Mehta

Nipun Mehta of Blue Ocean Capital Advisors told CNBC-TV18, "Tata Consultancy Services (TCS) has given a very muted guidance if they come out with good results that could be one trigger. Clearly is the two large or three large PSU banks that are there. If they given an indication that there is the turn around as far as their asset quality is concerned and worst is over as far as they are concerned you can see a serious trigger that could be coming in for the markets. These have been too a degree a drag as far as markets have been concerned. These two spaces constitute relatively large market capitalisation across the entire spectrum."

On Friday, Tata Consultancy Services closed at Rs 2,651.95, down Rs 9.20, or 0.35 percent. It has touched an intraday high of Rs 2,669.65 and an intraday low of Rs 2,628.80.