Oil’s tumble on US inventory build up and the release of a monthly report by OPEC showing that Saudi Arabia increased production in February back above the level of 10 million barrels a day. Chemicals, paints, aviation to be key beneficiary. Stocks to benefit: Shalimar paints, NOCIL, Jet Airways
Continue to have radar on Defence companies.
A lock-in period of 3 years on equity transfer done-away with in FDI for defence, and Requirement of single largest Indian ownership of 51% equity removed. Stocks to watch out in this space: BEL and RDEL
Anti-dumping duty likely on 15 types of aluminium foil products, stocks to benefit: Hindalco, Nalco
