BANK OF INDIA

bank of india bounced from channel top after small consolidation intraday looks quite strong above 197 and can turn weak below 187 upper target comes near 210+ above 197
cheers
rish

ps:-do check market trend before entering the trade

TIGER VS DRAGON

Firms likely to benefit from nuclear deal

The US Senate action put India closer to being able to purchase US nuclear fuel, reactors and related technology.

It has overwhelmingly endorsed a plan to allow US civilian nuclear fuel shipments to India, handing President George W Bush an important victory on one of his top foreign policy initiatives.

Senior lawmakers championed the proposal, which would reverse decades of US anti-proliferation policy.

They said that it strengthens a strategic relationship with a friendly country that has long maintained what the United States considers a responsible nuclear program.

Nuke deal beneficiaries BHEL L&T Areva T&D NTPC Reliance Energy Rolta Siemens ABB Alstom Projects Crompton Greaves HCC Gammon

Power generation

Back home, analysts have welcomed the Senate approval. "This is a positive development from India's perspective," said Amitabh Chakraborty, Head - PCG, Brics Securities.

The Senate action was critical to help allow India meet its soaring energy needs.

"This is a positive development for the nuclear power programme in India," said Amitabh Mundhra, Director, Simplex Infrastructure.

The government plans to double the country's power generation capacity that currently stands at 1,250,000 MW.

According to estimates, India country would need additional 100,000 MW of power by 2012.

"The government has announced its intention and put in more nuclear power. More reactors will be put in place going forward. The deal can give raw material for projects and opens up equipment export avenues," added M V Kotwal, Director, Larsen & Toubro.

Of the total power generated, thermal power constitutes the maximum at 57 per cent followed by hydel power at 25 per cent. Nuclear energy constitutes a meager 3 per cent and this is likely to go up three fold by 2015.

Ashu Kakkar, a technical analyst suggests that potential investors can look into buying L&T, HCC and Gammon India from a long-term perspective.
courtesy:- ndtv profit

BHARTI YET TO DECIDE BETWEEN WALMART & TESCO

Bharti’s partner for its much awaited retail foray is likely to be finalised shortly. In the face of speculation about its partner - Tesco or Walmart, Bharti Enterprises chairman Sunil Mittal said a final decision has not yet been taken in the matter.

“We are going through the process of finalising the details. No decision has been taken as yet, we are engaged in an inward process that seeks to tie-up all details. We will shortly make an announcement,” Mittal said,

He added details like the size of the investment, the brand name had not been finalised and would happen only after the partner is decided.

It may be recalled that Bharti had been planning an ambitious retail foray, separate from its existing farm produce venture, for over a year now. The company has talked with the likes of Tesco, Walmart and even Carrefour. Till date, Tesco has been seen as the leading contender for partnering Bharti.