India got first major achievement after 1971 in terms of foreign policy when it got clearance from NSG for the nuclear deal. It crossed a major huddle when NSG cleared the nuclear deal and it became a remarkable achievement for the Manmohan Singh government after a stiff opposition from various political parties.
Deal came after 3 days of debate between 45-nation Nuclear Suppliers’ Groups in Vienna, India wanted to trade in nuclear commerce without being part of Non-Proliferation treaty (NPT). NSG clearance is going to be a positive trigger for market and we may very well see a rally of 300 to 500 Points on Sensex on Monday. Stocks to watchout for Monday would be RELINFRA, NTPC, BHEL, L&T, ROLTA, ABB, TATAPOWER, GAMMONINDIA, ALSTOM PROJECTS INDIA, CROMPTON GREAVES, AREVA T&D, L&T, and HINDUSTAN CONSTRUCTION for short term.
Now only one huddle stands between India and NSG countries and that is US Congress, Once it is done then India’s needs for Power generation would be fulfilled.
