Modi visit to keep Japanese firms in focus

The impending visit of Prime Minister Narendra Modi to Japan will keep shares of Maruti Suzuki, Ricoh, Hitachi Home Appliances, Motherson Sumi Systems, Asahi India, Sona Koyo Steering, Denso India, Honda Siel Power, Sharp India and Lumax Industries in focus. Expectations on the Street are high as Modi is being viewed as a reformist much like Japan’s PM Shinzo Abe. Analysts are hopeful on deals in defence, infrastructure (especially bullet trains) and nuclear power sectors.