Stocks on Dalal Street begin the New Year an hour earlier marking the beginning of the new decade with new hours of operation. Expect the benchmark index to trade flat with some positive momentum. However, a run away rally is ruled out due to the correction we have seen in U.S markets on Friday.
Auto stocks could gain on the back of another month of strong sales volume.
Shares of JSW Energy will get listed on the bourses. Godrej Property will list on Tuesday and DB Corp on Wednesday
Crew Bos Products was one of the active counters with a gain of more than 17 percent for the day on the news of preferential allotment to the promoters. SEL manufatring was another scrip that was active on news of GDR offering. We recommend booking profits in both the scrips on another 10 percent raise.
We recommend short term traders to take positions in stocks like Clutch Auto, Prism Cement, Jyoti Structures and Exide Ind, as we expect positive new flow in these counters in the coming week. Overall a positive start for the year with fire works in select midcap counters is expected for the day