Momentum in the markets to continue on positive global cues Stocks on Dalal Street are likely to open higher On Thursday's trade as bulls look to extend their winning streak. Subsiding worries about the recession and positive global cues are likely to give a reason for investors to buy equities. Expect the benchmark index or the Sensex to gain nearly one percent or 150 points for the day.
Stocks closed mostly higher on Wall Street after the Fed said the economy was on the mend and orders for big-ticket manufactured items posted an unexpected increase.The Dow fell 23.05, or 0.3 percent, to 8,299.86, extending its slide to a fourth day and a loss of 3 percent.But the S&P 500 index rose 5.84, or 0.7 percent, to 900.94 and the Nasdaq composite index rose 27.42, or 1.6 percent, to 1,792.34. Banking, Power and Realty sectors are likely to outperform other sectors in today's trade. IT sector might witness some demand as gains in the technology laden Nasdaq might rub on to the Software stocks. Suzlon Energy has witnessed heavy buying among the NSE-50 stocks and the uptrend is likely to continue. HDFC, ICICI Bank and Sterlite Ind remained subdued on Wednesday. Expect a mart pull back in ICICI Bank an HDFC, which might gain from reforms on the housing front. Dewan Housing Finance was also locked in 10 percent circuit as housing finance companies were in demand. The stock of Educomp is on fire and surged by nearly 11 percent to 3,421 on news of investment from UK based publishing company, Pearson. Torrent Power gained more than 15 percent on huge volumes, on expectations of power reforms in the budget. Unitech, FACT, Glenmark Pharma and Pyramid Saimira are worth taking a look from a trading perspective. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
