“Don’t let the perfect be the enemy of the good” is a catch-phrase often used by negotiators trying to conclude a deal and it applies to this week’s agreement signed in New Delhi by President Bush and Indian Prime Minister Manmohan Singh.
Now, the question is: is "good" good enough?
The pact will open India's civilian nuclear program to international inspection and safeguards and "remove a basic irritant" in U.S.-Indian relations over the past 30 years.
American businesses stand to reap huge profits from the expected sale of equipment, nuclear technology and nuclear fuel as India expands its civilian nuclear program to help fill its demand for more power to meet the needs of its expanding population and economy.
According to the agreement, Only 14 of India’s 22 nuclear reactors will come under international safeguards, allowing India to pursue the military side of its nuclear program without scrutiny.
The momentous outcome has energised Indian trade and industry bodies as an eventual ratification of the deal by the US Congress could see the country attracting as much as $40 billion in foreign investment over the next 10-15 years. This, primarily because the private sector may be allowed to enter the nuclear power sector in a big way by the government.
The go-ahead to the nuclear deal will signal the building of scores of nuclear plants in India on assured fuel supply. This will trigger the participation of 200 firms with capabilities to operate, and maintain nuclear plants.
Nuclear development will provide opportunity for Indian manufacturers to supply spares and components to the global manufacturers of nuclear power plants besides providing business opportunities for Indian power plant construction companies.
This definitely is going to provide a positive impact on the Indian Stock Market on the opening bell tomorrow. The market outlook still looks bearish with a certainty of the US and other major economies falling into a recession. Below are five stocks which are set to be benefited with the nuclear deal. Investor with a long term view can look at accumulating the stocks at current level
1) Hindustan Construction Company (HCC) - CMP Rs. 97/-
2) Larsen & Toubro (L&T) - CMP Rs. 2616/-
3) National Thermal Power Corporation Limited (NTPC) - CMP Rs. 173/-
4) Bharat Heavy Electricals Limited (BHEL) - CMP Rs. 1731/-
5) Power Grid Corporation of India Limited - CMP Rs. 92/-
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Sunday, September 7, 2008
Stocks for Nuclear India
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4 comments:
This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post Informative content on this useful blog created by webmaster.
Now as such we have seen in past few trading sessions that Market has become volatile and also there were also most of the stocks are available in discounts which means that the right time has come when one can invest in this Indian Stock Market with handsome gain in over a period of time along with that one can also opt for doing Intrading Trading now days as stock specific movement is there.
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