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In 2011, economists anticipate inflation rising further beyond expectations.

As per figures revealed by the Office for National Statistics (ONS) the consumer prices index (CPI) inflation rose to 3.4% in December from 3.3% the previous month.

Moreover, the Bank of England has anticipated that CPI would reach 3.5% in the beginning of 2011 due to rise in the prices of the commodities like oil, coffee, sugar, cotton and wheat and subsequently VAT will increase from 17.5% to 20%.

According to a famous writer of Indian history, the heredity India's alteration to this modernization of India could be seen in the 50's and 60's.

Patrick French has never been so serious before not even when he was appearing for the final of his Graduations. Patrick has stated that the modern India has inherited the modernization from its own history.

During his research he found the Indians got their IT success long before. It's a strange fact but true that only within 3 years of independence IT institutions were successively established in India.

We are initiating coverage Bharat Heavy Electricals Ltd. (BHEL), one of largest engineering and manufacturing enterprise of its kind in India. It is one of the leading international companies in the field of power equipment manufacturing and engaged in power generation, transmission, industry (transportation, renewable energy etc) and Overseas Business.

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Investors with a horizon of 6-12 months can consider following scrips for their investment. These companies have potential to give higher returns than index over a long term.

TATA Steel has achieved its target of 708

Tulip Telecom has acquired a data center facility in Bangaluru by purchasing 100 per cent shares of SADA IT Parks Private Ltd for Rs 230 crore. The company said that the move will further strengthen its end to end data services offering.

Indian attracted good buying action especially in IT stocks. Almost all sectors moved in green. The Sensex closed at 119092, up209 points from its previous close, and Nifty shut shop at 5724, up 69 points.

The CNX Midcap index was down 1.4% and the BSE Smallcap index was down 1%. The CNX Midcap index was up 0.4% and the BSE Smallcap index was up 0.3%. The market breadth was positive with advances at 723 against declines of 576 on the NSE. The FIIs were net buyers with investment worth Rs 72.54 Cr (prov. cash market fig)

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