Indian market had a gap-up opening thereafter face selling pressure and after a dip in second half session managed to close in green. METALS, OILGAS, and AUTO appeared strong while FMCG and PHARMA stood weak. SENSEX closed at 20543, up 135 points and Nifty at 6186, up 40 points from the previous close. CNX MIDCAP index was up 1.3% and BSE SMALLCAP index was up 0.8%. The market breadth was positive with advances at 822 against declines of 453 on the NSE. Top gainers included JAIPRA, STER, HINDALCO, RIL, JINDALSTEL, IDFC, and CAIRN. Top losers are listed as M&M, HUL, SBIN, RCOM, BPCL, SUNPHARMA, and RPOWER. FIIs continued with their previous trend to pore fresh investment into Indian capital market to the tune of Rs. 1842.44cr(provisional cash market figure)

Nifty is trading in the range 6130-6230. Breaching of this range either side may decide the trend. Traders are suggested to buy at declines as long as NIFTY is holding 6130. OIL-GAS. AUTO, MIDCAP BANKS may attract more buying while FMCG, it AND PHARMA may 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.

The board of Binani Industries has decided to acquire / purchase the entire public equity shareholding of its subsidiary, Binani Cement by giving an exit opportunity to the public shareholders of Binani Cement.

Aqua Logistics has announced that the company has started operations in Middle East Market through its subsidiary in Sharjah, and Jumeriah free trade zone to provide an integrated end to end supply chain services with a mix of processes, technology and consulting.

Tantia Constructions has received a prestigious project from Chief Engineer, South Eastern Railway, Kolkata for construction of major bridge over National High way near Bagnan (RUB) (1x6 m) Steel through Girder and major Bridge over Damodar River (8x45.7 m) including substructure, transportation, erection and launching of super structure, earth work, minor bridges from Ch-1500m to Ch-3100m and other miscellaneous works for worth Rs. 30.71 crore.

The above mentioned ideologies are based on the research done at Fairwealth research department. Fairwealth securities 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.