Supportive global cues again provided Indian market a good day, after a gap up opening Indices traded in positive zone throughout the day and closed on a strong note. HEALTH CARE, FMCG and OIL-GAS SECTOR rallied. Top gainers included RCOM, ACC, BHARTIATTL, RIL, STER, ABB, IDEA and AMBUJACEM. Top losers are listed as HDFC, WIPRO, BHEL, SBIN, NTPC, SIEMENS, NTPC and MARUTI. SENSEX closed at 19594, up 177 points and Nifty at 5884, up 56 points from the previous close. CNX MIDCAP index was up 1.5% and BSE SMALLCAP index was up 0.9%. The market breadth was positive with advances at 899 against declines of 388 on the NSE.

Next Day Trading Session:

In the next session Nifty if sustained above 5900 may test 6000 level. Traders are suggested to take fresh long position only if NIFTY sustains above 5900. PHARMA and TELECOM may show bullish trend while METALS and IT may face selling.

Fundamental Picks

Investors who have a horizon of 6-12 months can buy the following companies. The companies have potential to give higher returns than index over a long term.

Dena Bank has achieved its target of Rs. 108
Visaka Industries has achieved its target of Rs. 180
Man Industries has achieved its target of Rs. 90
Aarti drugs has achieved its target of Rs 135
Indoco Remedies has achieved its target of Rs 465, call given at Rs. 388
Riddhi Siddhi Gluco Biols has achieved its target of 258, call given at 216
Ess Dee Aluminium has achieved its target of Rs 520
TNPL has achieved its target of Rs. 115

Corporate Highlights

MIC Electronics has secured order for provision of LED display systems and electronic indication boards worth Rs. 2.40 crore from the South Central Railway. The company has secured order worth Rs. 4.11 crore from the Northern Railway and worth Rs. 1.04 crore from the South Western Railway to implement before the end of this month.
Further, the company has bagged orders for LED Street Lights, Down Lights worth Rs. 4.37 crore from various other corporates and SEZs

Mafatlal Industries is expected to generate Rs 1,000 crore by selling off a prime seven-acre plot kissing the Byculla zoo. The land was originally given to the company to run a cotton textile unit about 100 years ago. The company had invited bids recently and is believed to have already shortlisted three private developers — the Lodha Group, Peninsula Land and Kanakia.

United Spirits has signed an agreement to acquire a majority stake in Maharashtra-based Pioneer Distilleries for Rs 74 crore. This is the second distillery acquisition by United Spirits in recent times and the deal is aimed at increasing its capacity as it prepares to overtake Diageo as the world’s largest liquor maker.