Pick BPCL, IOC: Ajay Srivastava

Ajay Srivastava, CEO at Dimension Consulting told CNBC-TV18, "We have kept Bharat Petroleum Corporation (BPCL) as the top pick for the last few months. It still remains as the number one pick. At number two we have picked up IOC. So, if you want to allocate, 60 percent should go to BPCL and 40 percent to Indian Oil Corporation (IOC)."

Indian Oil Corporation ended at Rs 380.30, up Rs 21.45, or 5.98 percent.

 The share touched its 52-week high Rs 385.35 and 52-week low Rs 200.65 on 06 June, 2014 and 09 January, 2014, respectively.