Stock market guru SP Tulsian of sptulsian.com on Thursday advised the investors to take a positive view on the non-banking finance companies (NBFCs) and private sector banks.

He said, "Though the monsoon is getting delayed by about 4-5 days, we will be seeing the rains approaching maybe in Mumbai by June 15-16 and in Kerala by this week. This will start giving positive hope on the rural front. NBFCs, which are rural-focused, they should be all bought like Shriram Transport Finance, Mahindra & Mahindra Financial Services, L&T Finance and Cholamandalam Finance."

"We have been keeping the positive bias on oil and gas stocks including oil marketing companies (OMCs), Petronet LNG, Mahanagar Gas Ltd, Indraprastha Gas Ltd and GAIL. GAIL probably may be last on the pecking order. However, we are keeping positive bias and whenever you see this kind of fall, it should be used as a buying opportunity," Tulsian said.

Speaking about the midcap sector, he said, “As an investor, I am extremely positive on the private sector banks. Take the case of IndusInd Bank, we have been giving buy call on Rs 1,400 about a week to 10 days. It moved to Rs 1,650 again and it has corrected to Rs 1,520. This is an excellent rate to buy. ICICI Bank at Rs 1,410 is an excellent stock to buy. Maybe HDFC Bank is an excellent stock to buy. So focus on the private sector banks."