Prefer Bajaj Auto, Tata Motors, Sterlite Tech: Jigar Shah

Jigar Shah, CEO at Kim Eng Sec India told CNBC-TV18, "Certainly, some of the stocks in the large cap which look very attractive are Bajaj Auto and Tata Motors. In the midcap IT space, we think that both Persistent Systems and KPIT Technologies have been sold off quite sharply. So, that presents quite good value."

"Apart from this we like some of the infrastructure companies such as Sterlite Technologies and ILandFS Transportation. So all these stocks have corrected quite a bit and they offer quite a good value at the current level," he said.