NBFC, banks favoured sectors: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "These stunning rallies are not buying opportunities for short-term traders because the rally is behind us. Only the leftovers will be now available. So you wait patiently, we always wait and we get the right moves, there will be consolidation, there will be corrections. However, non banking financials companies (NBFCs) in general and banks are the two favoured sectors."

At 10:27 hrs State Bank of India was quoting at Rs 326.50, up Rs 8.45, or 2.66 percent. It has touched an intraday high of Rs 326.70 and an intraday low of Rs 319.20.