Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jet Airways and Punjab National Bank (PNB) are short selling ideas and Gail India is a buy in this falling environment."
"It is too early to start selling non-banking financial companies (NBFCs). They have been the strongest but perhaps the selling will come later. I would not do anything today in them," he said.
At 10:18 hrs GAIL India was quoting at Rs 397.55, up Rs 0.40, or 0.10 percent on the BSE.
The share touched its 52-week high Rs 433.50 and 52-week low Rs 287.93 on 03 May, 2017 and 29 September, 2016, respectively.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!