Indian market traded strong throughout the day. Good buying was witnessed in CEMENTS, REALITY, BANKING and METALS. SENSEX shut shop at 18287, up 143 points and Nifty at 5486, up 46 points from the previous close. CNX MIDCAP index was up 1.3% and BSE SMALLCAP index was up 1.4%. The market breadth was positive with advances at 905 against declines of 382 on the NSE. Top gainers included DLF, ICICIBANK, TATAMOTORS, RCOM, ACC and AMBUJACEM. Top losers are listed as HDFCBANK, RIL, CIPLA, CAIRN, SIEMENS, ABB and RELCAPITAL.

In the next session nifty is expected to trade in the range 5450-5530. Traders are suggested to be cautious of profit booking at higher levels. TELECOM and CEMENT STOCKS are expected to remain bullish while HEALTH CARE and OIL-GAS 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.

Dr. Reddy's Laboratories has announced the launch of Cresp, the first generic darbepoetin alfa in the world and the only darbepoetin alfa in India. Cresp has been approved in India for the treatment of anemia due to chronic kidney disease and anemia due to chemotherapy.

Shoppers Stop has announced that the company has opened Crossword store at Bhopal. With the opening of this store, there are now 62 Crossword stores.

Aqua Logistics has received an order worth Rs.100 crore from Gammon India. The order is for managing the logistics and transportation of aggregates from Gammon India's quarries in Bihar. The order for management of logistics on the National Highway 77 has to be executed over a period of 12 months.

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.