Sensex:
After Reliance break up BSE sensex is moving upwards. All the investors from Institutional, FII and Retail segment are showing confidence in the market now. It seems like they want to show that “Ham Kisi Se Kam Nahin”. This is in context of Sri Lanka and Pakistan’s indices. If Lanka’s index can grew up to three times and Pakistan’s index can move up 1000 to 5500, than why our sensex can’t move up to 7000… 8000… and…! While India’s fundamentals are far better than these neighbor countries.
Sectors to move:
Right now market is on bullish tone. There may be correction, but it will be for short term, further market is looking good for investment. Short and mid term investors can concentrate on good stocks from Sugar, Auto Ancillaries, Engineering, Pharma, Technology and Construction sectors. As tourism is expecting better growth this year and government is also concentrating on this sector, good stocks from this sector can be a profitable investment.
Stock to watch:
Bharti Tele, I-Flex, Kale Consultants, Invinex Lab, Torrent Cable, Siemens, Dhampur Sugar, Balrampur Sugar, Nagarjuna Fertilizer, Hindustan Lever, ITH, Hotel Leela.
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