Tips for tomorrow: Avoid PSU banks, Crompton Greaves; buy BHEL

Sharmila Joshi, Head-Equity of Fairwealth Securities and Sethuram Iyer, CIO of Daiwa Mutual Fund discussed selling pressure in the markets, concerns of stock valuations, BHEL and other capital goods stocks, Crompton Greaves Q3 preview and PSU banks. Sharmila Joshi advises investors to stay away from PSU Bank stocks, Crompton Greaves stock, which is expected to post subdued Q3 earnings and gives BHEL a buy rating. Sethuram Iyer, meanwhile, expects more downside pressures as newsflow is now supporting from Europe.