Positive Start for Equities TODAY after the FM, Dr. Pranab Mukherjee, bucked the earlier stand and spoke of REFORMS:

Metals, Infrastructure Stocks (Including Power and Real Estate) Surges:

The Next Target for Nifty seems to be 4650 on the upside.....

[Updated]

The Paid Members are asked to go for the kill today as much of the cloud cover over the stock market seems to have cleared by yesterday's closing comments by the FM, Dr.Pranab Mukherjee. One can start buying from today, albeit with a little cautious note....

The budget proposals are positive for the energy sector and in this sector Entegra Ltd (BSE Code: 532287) looks to be good at the CMP of Rs.22.

Today's morning call, Entegra Ltd at Rs.22, hit the 10% buyer freeze before cooling down a bit. The main trigger seems to be Rs.25 bn 400 MW Maheshwar Hydro Power Project to be commissioned in FY10. The project on the verge of completion, but the latest news are awaited which will be first rallied to the Paid Groups and then here in this blog.....There is a Research Report on the Company at: http://www.sumanspeaksplus.blogspot.com/.

The government has given special sops for the Bio-diesel sector in the last Union Budget. The government will scrap excise on Petrol, diesel blended with BIO-DIESEL. This directive will also have positive effect on Reliance Industries Ltd, GAIL and my Favouritle Southern Online Bio Technologies Ltd. This will also help Entegra Ltd as it is also into Bio-diesel.

Even today Suzlon Ltd is doing well after yesterday's spurt in the price. The renewable energy sector is looking positive after the budget.

Prajay Engineers Sydicate Ltd which is a play on Hotel (5 star hotel, a 3-star hotel and a resort), real estate and also into BOT Projects (Golf Club) has hit another buyer freeze.

Buy Atlanta Ltd, Ennore Coke Ltd and Glory Polyfilms Ltd at the current market prices. Atlanta Ltd came out with very good numbers for the Q1FY10. The stock should cross Rs.100, this time at least.....

MUMBAI: Stocks extended gains Wednesday in line with Asian peers. Strong gains in high-beta sectors like capital goods and metals led the upmove.

Bombay Stock Exchange’s Sensex was at 13979, higher by 125 points while National Stock Exchange’s Nifty rose 78 points to 4052.45.

“We had a party Tuesday in the markets. Sensex rose just 3%, scores of derivative and midcaps surged like there is no tomorrow. Average gains in 183 derivatives stocks were about 5%. Markets will need to digest such heady gains before it moves further. 14200 is next resistance and 13600 is support for the Sensex.

US stocks managed to end with decent gains on Tuesday as better-than-expected corporate profits offset concerns about weak consumer demand. Goldman Sachs Group's surge in quarterly profit handily beat expectations while anticipation that chipmaker Intel will follow suit drove the market momentum.

The Dow Jones Industrial Average rose 27.81 points, or 0.33 per cent, to 8,359.49. The Standard & Poor's 500 Index gained 4.79 points, or 0.53 per cent, to 905.84 and the Nasdaq Composite Index advanced 6.52 points, or 0.36 per cent, to 1,799.73.

Asian stocks rose for a second consecutive session tracking Wall Street cues and as commodity prices picked up steam. The Nikkei rose 0.3 per cent, Topix added 0.2 per cent, Hang Seng climbed 0.88 per cent and Straits Times jumped 1.05 per cent.