The indian equity markets have given a fabulous run and made a new high. Looking at the liquidity and the foreign inflows nothing looks like a concern on the horizon. Having said that, the outlook on sectors like two wheelers, capital goods, MNC pharma and Oil refining companies looks very positive.
Stocks like Bajaj Auto, BPCL, HPCL, Aventis, Glaxo can be looked at from the current levels for long term investments.
Auto sector is booming
Tata motors is my pick of the day. I recommend a buy on it.
It can reach Rs. 700 levels within a month from its present Rs. 650 levels.
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