Prefer Infosys, Tech Mahindra: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "On the IT side looking beyond the cross currency headwinds that might impact the earnings in the current quarter, we feel that in the medium-term perspective both Infosys and Tech Mahindra in the largecap space offer good entry opportunity with one year perspective. In the midcap space our analysts prefers Mindtree and KPIT Technologies."

He further added, "In the auto space, Tata Motors offers a very strong opportunity both because of expected upmove in the medium commercial vehicles (MCV) and heavy commercial vehicles (MHCV) sectors as the economic growth picks up especially in sectors like mining which has stalled for last couple of years and also some of the new launches expected on the Jaguar Land Rover (JLR) side. In so far the domestic cyclical play is concerned, Maruti Suzuki remains our top pick in the auto space."

"In the cement space, ACC in the largecap space and JK Lakshmi Cement in the midcap space remain our top favourite. JK Lakshmi Cement because of the large volume growth expected over this year and next financial year, roughly 12.5 million tonne of total capacity the company will have by the next financial year. In the capital goods space Larsen and Toubro (L&T) and Cummins India are our top picks," he said.