Indian Stock Market regains after the collash due to the LIC Scam and 2G Scam. The Market was in adown trend. The Split of Hero Group and Honda group also affected the Market badly.
The News related to the Acquisition of Cairn India and Ispat India was the Positive News to the Stock Market. The Banking stocks led the upmove throughout where the last day was a bad day for Banking Stocks. Axis Bank gain was 3.67 % .Metel Stocks also contributed to the uptrend of the market.
The Steel Major JSW Steel surged 2.76% after the company entered into an agreement with Ispat Industries to buy shares worth Rs 2,157 crore on a preferential basis.
SUGGESTION : As per the words of Experts its not safe to buy with the stakes with low prices and having a good fundamentals and management. The Growth of such stocks will be much higher than the top stocks. It is the best time to re structure the Portfolio.
SELAN EXPLORATION : a stock with a good fundamentals and management. now in a range of Rs 400/-
TATA GLOBAL BEVERAGES :The stock is good to buy as the company is turning to healthdrink sector also.