The Nifty PSU Bank index rebounded 3 percent from the day's low, even as geopolitical tensions between India and Pakistan weighed on overall market sentiment
It is now time to look at second-order derivative stocks and stocks/sectors that are not in focus, says N Jayakumar, President, Prime Securities.
In an interview to CNBC-TV18 market experts, Sudarshan Sukhani - s2analytics.com, Ambareesh Baliga, Independent market expert and Mayuresh Joshi of Angel Broking shared their readings and views on some stock specific ideas from the auto, auto ancillary, PSU banking and technology space.
SP Tuslian of sptulsian.com advises to short UCO Bank and IRB Infrastructure Developers.
Given the amount of foreign funds that Japan has attracted year-to-date, the market should have not been totally surprised by the fall seen on Thursday.
Bank of Baroda (BOB), Bank of India (BOI) and Oriental Bank of Commerce (OBC) are looking weak, says SP Tulsian of sptulsian.com.
Ananda Bhoumik, India Ratings & Research is of the view that the NPL for PSU banks may see a peak in March or June and then a gradual reduction thereafter.
Today, was a good day for the market. Within minutes of the market opening, Nifty had drifted into the red and it just hung around 5,700 levels for most of the morning session. It started picking up towards the second half and finally closed around 5,750 was not a bad one.
SP Tulsian of sptulsian.com expects the March series to expire above 5700 levels.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com talked about which stocks to trade in the coming session. He said Bajaj Auto and Hero Motocorp makes a good trading buys at the current levels and it is advisable to wait and watch L&T Financial Holdings.
PSU banking space looks good, says Varun Goel, Head - PMS, Karvy Private Wealth.
Ajay Srivastava, CEO, Dimensions Consulting is negative on PSU banking.