Key benchmark indices closed 5% up in the week ended 16 May as the rally was supported by strong buying in frontline stocks by FIIs. Among sectoral indices BSE realty index was the major gainer and closed more than 13%up. PSU and Power indices also jumped 12% and 11.8% up respectively. Investors are hoping that the BJP-led government will be better at getting things done and more business-friendly. With Lok Sahba election results out, investors' focus will shift to the likely allocation of key ministerial portfolios is the National Democratic Alliance (NDA) government and the first budget of the new government expected by July 2014.
Techno- Funda Recommendation
Buy Shriram Transport Finance Company Limited between 820 – CMP (851.75) with close below stop loss of 740 for the target of 1100 ( Time Horizon :- 1-2 Months).