Supportive global cues and good buying over BANKING, OIL-GAS and REALITY stocks hold Indian indices in positive territory throughout the day. SENSEX shut shop at 18167, up 93 points and Nifty at 5452, up 35 points from the previous close. CNX MIDCAP index was up 1.2% and BSE SMALLCAP index was up 0.7%. The market breadth was positive with advances at 715 against declines of 569 on the NSE. Top gainers included SBIN, DLF, ITC, MARUTI, TATASTEEL, HCLTECH, KOTAKBANK and CAIRN. Top losers are listed as STER, RCOM, SUZLON, TATAMOTORS, RELINFRA, M&M and WIPRO.

In the next session NIFTY is expected to trade in the range 5420-5490. Also, 5510 may act as strong resistance level. Traders are suggested to be cautious at 5510 resistance level. PSU BANKS and AUTO SECTOR may attract more buying while PHARMA-SECTOR may face selling.

Investors who have a horizon of 6-12 months can buy the following companies. The companies have potential to give higher returns than index over a long term.

ARSS Infrastructure Projects has received a new work order from office of the executive engineer, Parlakhemundi (R&B) division, Parlakhemundi for Rs 153.91 crore on 13 August 2010.

Marico Group has announced the acquisition of the OTC Health Care brand 'Ingwe' from Guideline Trading CC of South Africa through its subsidiary - Marico South Africa (MSA). The deal for an undisclosed consideration, envisages the acquisition of the brand Ingwe and related IPR by MSA. The range comprises immuno boosters and the medi pak range focused on the ethnic consumer in South Africa.

NMDC has announced setting-up of the 3.0 MTPA Steel Plant at Nagarnar in the State of Chhattisgarh. In this connection, the company has acquired a total of 1948 acres of land in two phases required for the above project till date.

The above mentioned ideologies are based on the research done at Fairwealth research department. Fairwealth securities (P) Ltd will not be responsible for any kind of losses incurred by any part either directly or indirectly based on our research results, though we have presented to the best of our knowledge.