One stock that looks great even in this pessimistic environment is BEL. We recommend a 'Buy' on Bharat Electronics Ltd at Rs 770 might offer a health 10 to 15 percent return in the next few months. We believe that this stocks is a great defensive play in the volatile markets and there might be a run ahaead of the budget due next month.
We might see some selling from the foreign funds as they might decide against having huge positions in Indian equities. In short, we advice short and mediium term investors to liquidate their holdings, atleast in the ones they have some profits.