Pick L&T, Dabur, Sun Pharma: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "As a first time investor, it is better to stick with the largecaps stocks. Stick with good quality names, blue chip companies and try and do systematic investment plan (SIP) on stocks. So select may be six to eight stocks. Pick one stock from every sector. You can go with Larsen and Toubro (L&T) for instances from the capital good space.""You can go with a pharmaceutical company either a Dr Reddy's Laboratories or Sun Pharmaceutical. You can pick a largecap IT like Infosys, Tata Consultancy Services (TCS), Tech Mahindra and HCL Tech. Have something from the fast-moving consumer good (FMCG) play like Dabur India and ITC or Hindustan Unilever (HUL), then sort of keep buying a stock every month," she added.