Prefer power ancillary space: Ambareesh Baliga

Ambareesh Baliga, Independent market expert told CNBC-TV18, "Power ancillary space is one space which has been doing decently well in the last 5-6 months. Look at the IIP figure; look at the order flows which that space is getting. So it is Larsen & Toubro (L&T), BHEL, stocks like KEC International, even a stock like Jyoti Structure which has done decently well over the last couple of days. So this is a space to be in even going ahead."

At 11:10 hrs Larsen and Toubro was quoting at Rs 1,766.15, up Rs 16.55, or 0.95 percent. It has touched an intraday high of Rs 1,771 and an intraday low of Rs 1,743.30.