Economic reforms and the new ruling on the back of strong global cues market rose by 0.5 per cent. Also, to strengthen the rupee against the U.S. dollar, pushing up the market. The 30-share Sensex closed at 19,476, up 111.25 points after touching a high of 19,516.02 earlier in the session. The 50-share Nifty closed at 5,929.60, up 32.80 points after hitting 5,939.40 intra-day.
Private banks perceived as likely acquisition targets once RBI issues the final guidelines for banking license, were the star performers of the day. Federal Bank, Karnataka Bank and Dhanlaxmi Bank gained 3-6%. Barring these exceptions, investors were not too excited about the sector in general as the widely held view is that much of the positives from the amended rules have already been priced in.
Stocks For 2013
Banking stocks, financial stocks, consumer goods and pharma stocks may have gotten the better. Aviation stocks in terms of trading this can be done. Once approved, the FDI in retail stocks may rise. Investors Pantaloon and Titan Industries to invest.
Media companies will be opportunities to earnings in 2013. The cable distribution companies may also get a chance to shop. Investors Network 18 can invest into.
Investors should avoid investing in banks. Pharma stocks investors Cipla, Dr Reddy's and Lupin should invest. Financial shares in the Bank and Yes Bank , IndusInd Bank, Bajaj Finance, M & M Financial and IDFC should buy into.
Godrej Consumer Products, Jyoti Labs can achieve good returns on investment. Infrastructure sector, L & T, Adani Ports and JP Associates may earn by investing in well.
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