Monday, April 5, 2010

SENSEX AT HIGH







 Across the board buying activity saw indices end near day’s highs Monday. The upmove was led by gains in realty, auto and oil&gas space while the IT stocks bucked the trend. 
National Stock Exchange’s Nifty closed at 5369.75, up 79.25 points or 1.50 per cent. The index touched a high of 5377.55 and low of 5291.40.
Bombay Stock Exchange’s Sensex ended at 17933.94, up 241.32 points or 1.36 per cent. The 30-share index hit a high of 17948.54 and low of 17693.66.

BSE Midcap Index moved up 1.49 per cent and BSE Smallcap Index advanced 2 per cent.
Amongst the sectoral indices, BSE Realty Index advanced 3.13 per cent, BSE Auto Index moved 2.23 per cent up and BSE Oil&gas Index inclined 2.07 per cent.
Biggest Nifty gainers were Hero Honda (5.85%), Reliance Infrastructure (5.42%), Bharti Airtel (4.83%), DLF (4.2%) and ICICI Bank (3.4%).

(Economic Times dt. 5 April 2010)

MANY ANALYSITS ARE BULLISH ON THESE STOCKS. BE CAUTIOUS WHILE
PURCHASING THESE STOCKS
BUY ON DIPS AND SELL ON TOP

Andhra Bank  is a  PSU Bank   with high Assets quality. 
Many Analysts are recomending the stock  with a target of Rs.130/Share

Rane Brakes is small auto component maker.
 Investors may use declines to BUY for a target of Rs.140/Share.

M&M is India’s largest SUV and Tractor maker. 
 It has succeeded well in non-Automotive businesses also.
company specific bearish sentiments can be utilized to enter the scrip


Jaiprakash Associates is among the largest Cement maker in India. It is also expanding its power, infrastructure, and reality business
Buy   on dips near Rs.140, for midterm target of Rs.170.