Good buying interest over BANKING, IT and REALITY led Indian indices to trade above the dotted line most of the day; also, NIFTY had highest closing since 5 FEBUARY 2008. OILGAS and PHARMA appeared weak. SENSEX shut shop at 17937, up 103 points and Nifty at 5383, up 30 points from the previous close. CNX MIDCAP index was up 0.2% and BSE SMALLCAP index was up 0.6%. The market breadth was positive with advances at 710 against declines of 569 on the NSE. Top gainers included DLF, TATAMOTORS, WIPRO, TCS, BHEL, IDEA, UNITECH and CAIRN. Top losers are listed as RELINFRA, HEROHONDA, RCOM, ONGC, ACC and GAIL.

NIFTY may attract huge buying above 5405 while below 5350 it may face correction up to 5300-5310. However, traders are suggested to buy either above 5405 or at declines around 5300-5310. BANKING and telecom may show bullish move while OIL- GAS might appear weak.

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.

Fiem Industries has commenced commercial production at its greenfield plant in Sonepat, Haryana. This plant is established for manufacturing of automotive lighting and signaling equipments and rear view mirrors.

Parabolic Drugs has touched another milestone by receiving European Union approval for its Cephalasporin's manufacturing facility in Derabassi, Punjab.

Titagarh Wagons (TWL) has won the bid for acquisition of the assets of IGF Industries - Arbel Fauvet Rail (AFR), a leading European rail wagon maker.

Petron Engineering Construction has received letter of intent from Nagarjuna Oil Corporation, Chennai for complete construction works related to FCCU Unit at its Cuddalore Refinery Project for a contract value of Rs. 211 crore.