Dalal Street is likely to open in the positive zone on Wednesday morning with sectoral rotation pushing the markets up. IT pack lead the index gainers while Ranbaxy Laboratories Ltd. extended the dream run, gaining 14 pct in the last one month.
Tata Power Company Ltd. joined the winners league with an upmove of nearly 3 pct. GVK Power & Infrastructure Ltd. is another interesting stock in this space. Infra stocks are showing signs of life with IVRCL Infrastructures & Projects Ltd. inching up thanks to the new IPO's from the same sector.
Asia trading flat, Bernanke keeps rates steady
The US Federal Reserve for the first time raised direct concern that the nation's economy may be headed into a deflation trap and expressed new readiness to take more action to avert a serious turn for the worse.
Wall Street closed flat pushing the Asian markets to trade in a narrow band.
Avoid midcaps and smallcap stocks
Midcap and Smallcap stocks are going through a silent correction as index stocks extend the rally. We advice investors to avoid the second run stocks and wait for a decent correction before accumulating quality stocks.
BHEL is likely to grab index fund interest as the stock has underperformed in the last one month. Keep an eye