Prefer BoB, SBI, PNB, Coal India: Deven Choksey

Deven Choksey, MD at KR Choksey Shares & Securities told CNBC-TV18, "We consider some of the public sector undertaking (PSU) banks like Bank of Baroda, State Bank of India and Punjab National Bank and Coal India from the mineral space where we believe that market would probably respond to some of the policy initiatives of the new government when it comes into power. These two segments and the stocks could probably perform better."

At 10:26 hrs State Bank of India was quoting at Rs 1,644.30, up Rs 68.10, or 4.32 percent. It has touched an intraday high of Rs 1,648.90 and an intraday low of Rs 1,581.

The share touched its 52-week high Rs 2,469.25 and 52-week low Rs 1,452.90 on 20 May, 2013 and 28 August, 2013, respectively. Currently, it is trading 33.41 percent below its 52-week high and 13.17 percent above its 52-week low. Market capitalisation stands at Rs 122,759.01 crore.