Thursday 7 May 2015

Morning update (07/05/2015) – Key ideas to watch out for today


News
Key takeaways
Implications
Companies
GST bill passed in Lok Sabha
The GST bill was passed in Lok Sabha yesterday. After the Lok Sabha cleared the Goods and Services Tax (GST) Bill on Wednesday, all eyes are on the Rajya Sabha which poses the real test because the government does not have a majority there. As per media reports, the Bill which is likely to come up in the upper House on today is likely to be cleared in Rajya Sabha as well because of an intense outreach effort by the government. We believe this to be a litmus test for the government in RajyaSabha. If the bill is passed in the RajyaSabha it will be positive for the overall markets in the short to medium term
Short to medium term
Overall markets (+ve)




 Long Term Investment Ideas

 

 Sector
Recommendation
Auto
Maruti, M&M, Bajaj Auto
Banking & Financials      
HDFC Bank, HDFC Ltd
FMCG
ITC, Tata Global, Pidilite, Godrej Con, Emami, Dabur
Mining & Energy
NMDC, Cairn India, Coal India, Hindustan Zinc, NTPC
Pharma
Sun Pharma
IT & Telecom
MindTree, KPIT Tech, Infosys, Tech Mahindra & Bharti Airtel
Mid Cap
PVR, Zee Entertainment, GPPL, Titan


















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