Subscribe to get calls (Nifty & Stock) on mobile and messenger during market hours
Metal stocks expected to rally after a slew of upgrades for the steel makers from global investment banks. Commodity prices continued to rise in the on hopes of a increase in global demand. Expect Sterlite Ind, Tata Steel and SAIL to lead the gainers list.
IT stocks might continue to rise after better than expected numbers from Satyam Computers. The stocks will likely open in circuit for the second day in a row. Also keep a close eye on Maytas Infra which is likely to be locked in circuit. We like second rung IT stocks like Rolta, Polaris and Geodesic at current levels for a quick trade.
Expect a 100 point gain on the Sensex with some fire works in the midcap space. GVK Power & Infra, Dewan Housing, Satyam Computers and some select second rung IT stocks are likely to be in focus for Wednesday's trade.