Sensex headed for a positive finish for the day Indian markets are headed for a higher open after closing in red for most of the week. Positive global cues and some value buying might prop up the Sesex. Expect the benchmark index or the Sensex to gain one percent or 150 points and try to close above the 15,500 level.
Stocks in Asia opened higher this morning taking the positive cues from the markets in U.S. The Japanese banchmark index or the Sensex gained nearly 0.4 percent in the first hour of trade, where as South Korea's Kospi is up nearly 0.5 percent on opening bell. On Wall Street Investors moved back into stocks after a four-day slide on hopes that a key government report on unemployment will confirm that the economy is gaining strength.The Dow rose 63.94, or 0.7 percent, to 9,344.61. The S&P 500 index rose 8.49, or 0.9 percent, to 1,003.24, while the Nasdaq composite index rose 16.13, or 0.8 percent, to 1,983.20. The stock market indices stayed in green for most of the day but slid towards the end of the day in final hour of trade. IT stocks continued their run as there is strong momentum in these stocks. Consumer Durables and Metal stock fared better and made it to the gainers list. There were new set of gainers among the midcapsps and today it was turn of Geodesic Technologies which was locked up 20 percent on high volumes with nearly 5 million shares traded in the counter. Archies and Amar Remedies were also active, with the former reaching a new 52 week high.Arvind Ltd and Rajesh Exports are two other stocks that are looking explosive . We recommend Rajesh Exports at RS 52, as we believe that there is some more room for the stock as soaring Gold prices might provide the much needed boost for the scrip. Overall, a positive day for the past month, with Midcaps dominating the scene, as it has been for the past one month. Day traders are advised to keep a close eye on Indo Tech Transformers and IRB Infra. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
