Bulls look to dominate as Sensex tries to get past the 15K mark ===================================================
Stocks on Dalal Street are set for a slightly higher open as the indices will likely consolidate after huge gain on Monday. Do not expect sharp spike in the market, we might see a 0.5 to 1 percent or nearly 150 points testing the 15,000 levels once again. U.S. stocks ended sharply higher Monday after the government seized mortgage giants Fannie Mae and Freddie Mac to prevent trillions of dollars in mortgage-backed securities from defaulting and to bring down mortgage rates nationwide.The Dow gained 290 points or 2.59 percent, where as the Nasdaq ended a volatile session with a gain of nearly 14 points or 0.62 points at 2,269.76. Nuclear Power Corp government run monopoly, will begin talks this month with Areva SA and General Electric Co for reactors. We believe that there is some more juice left in the power stocks like Tata Power, NTPC and Hindustan Construction. Banking stocks still look attractive for a trade in current market and the action might shift to mid size private banks like DCB, Yes Bank and IndusInd Bank. Speculative stocks are making a come back as things have started getting better in the market. Bhagwati Banquets, Aptech, GSS America and Karuturi Global looked explosive yesterday and might stretch their gains for another day. Watch out some sharp moves in IFCI and Tourism Finance today as these stocks might get a boost from the euphoria in financials in the global markets. Jayshree Tea and Rain Commodities might see some investor interest ahead of their board meetings to buy back shares and restructuring. Suitable stocks for intraday today: <ICICIBANK, RELIANCE, BHEL, ONGC, INFOSYSTCH, BHARTIARTL, KOTAKBANK, MARUTI, TATAPOWER, WIPRO> Market Close Box: BSE Sensex 14944.97 461.14 NSE Nifty 4482.30 130.00 USD Rs.44.26 Oil Nymex $109.8 B.Karthick Research Analyst. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
