Indian stock markets received the much-needed boost and the trigger that can help Indian companies in long term in form of corporate rate cut announced by Narendra Modi government.

Indian Stock Markets jumped after Finance Minister announced reduction in corporate tax.

Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114.

Indian markets remained weak last week with stock specific action. While the Indian currency faced pressure, stock specific action was witnessed.

Satyam Computer Services is a good buy at current levels. The stock has lost over Rs 60 today and is currently trading at Rs 166. Investors can pick the stock at current levels as the fundamentals are strong. Citi rated the stock sell on basis of Corporate Governence issues and not on lower business. The company’s plan to get into other sectors has been condemned by various Institutional Investors.