Prefer SBI, Canara Bank, BoB: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We should be looking at PSU banks. So the three banks I would look at is State Bank of India (SBI), Canara Bank and Bank of Baroda. These are the three PSU banks and LIC Housing in the non-banking financial companies. It is easier to focus on these four names and among the capital goods stocks, the one name that comes out is Bharat Heavy Electricals Ltd (BHEL)."

At 10:55 hrs State Bank of India was quoting at Rs 315.50, up Rs 10.75, or 3.53 percent. It has touched an intraday high of Rs 323.65 and an intraday low of Rs 314.05.