We have seen a surprising move in the indices with a correction of nearly 2 percent, when the other Asian indices gained at the same pace on Tuesday. So we expect Indian markets to be resilient on Wednesday. Do not go short in the market, as we have consolidated for the past two days and a nice bounce from here is not ruled out. We advise investors to pick select midcaps which could benefit from the budget for gains in the short term
Reliance Power Ltd (R-Power), part of the Reliance Anil Dhirubhai Ambani (ADA) group, is in talks with five leading global power companies to sell 15 per cent equity stake in the company.
Watch out Hpcl,Bpcl
Nifty below 4210 is bad for market