Stock picks by Angel Broking: Buy Shriram Transport Finance, Mahanagar Gas

Recently, gas distribution companies have been in limelight

Nifty Outlook 

Nifty reclaims 9,900 with some authority 

Last week, we started the proceedings with a good bump-up on Monday, owing to favorable global cues. However, this ecstasy was short-lived as we witnessed a gradual profit-booking thereafter. Until Thursday’s first half, the index kept gyrating in a very slender range but post the deferment of Supreme Court’s verdict with respect to the adjusted gross revenue (AGR) dues, markets joined hands with global peers. And since they were trading deeply in the red, the Nifty breached the support of 10,000. In fact, things worsened when the US markets plunged more than 5 per