OUTLOOK
Indian markets closed on a strong footing which were in line with our expectations. With positive vibes from the PM and FM on GAAR and other economic policy, backed by strong global markets towards weekend helped gain in Indian markets. The EU concluded their 2-day meeting with euro-zone leaders agreeing to relax conditions for recapitalizing lenders amid speculation China may do more to help economy grow faster. Cement, Auto and Metal production data and the news-flow on monsoons may hog the limelight during the week, and so shall policy measures from the government. We recommend to BUY M&M, Andhra Bank, Godrej Ind. with trading perspective and Cummins India, Indian Hotels, and IL&FS Transportation with long term investment perspective. We may also BUY on DIPS only L&T, Exide, Castrol, LICHF, TCS.
Regards,
Team Microsec Research
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