Bulls in command, Midcaps to lead the rally Apr 02, 2009 Stocks on Dalal street are likely to move up as all the indicators suggest for a higher open in Mumbai. Expect the benchmark index or the sensex to gain nearly 200 ponts or more than 2 percent for the day.
Asian stocks climbed as better-than- expected auto sales and economic reports in the U.S. lifted confidence the world’s largest economy will stage a recovery. .Nikkei climed nearly 3 percent in the first hour of the trade. Wall Street rebounded in a convincing fashion on Wednesday.After falling in the early going Wednesday on disappointing jobs data, the Dow Jones industrials closed up 153 points on economic data that showed a rebound in pending home sales and improving manufacturing activity.After falling in the early going Wednesday on disappointing jobs data, the Dow Jones industrials closed up 153 points on economic data that showed a rebound in pending home sales and improving manufacturing activity. Realty stocks rebounded in a convincing fashion and are likely to mainatain their leadership after the sectoral index gained than 5 percent for the day on Wednesday. We believe it is time to look at old economy stocks like Cement and especially sugar stocks. As mentioned in the previous review, we strongly recommend Bajaj Hindustan Sugar at the current level of Rs 50 for atleast a 20 percent appreciation. Also please keep an eye on NBFC's like SREI Finance for stellar gains, if you are an investor with risk appetite. Midcaps are likely to have a dream run for the next 2 sessions as there are no near term hurdles. The platform is set for day traders and BTST investors as bulls are likely to dominate the street this week. Previous Close Box: BSE Sensex 9901.99 193.49 NSE Nifty 3060.35 39.40 USD Rs.50.95 Oil Nymex $48.66 Research Desk --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
