Todays market cannot sustain its initial gian and ended almost in flat zone.Though there is positive sentiments for todays trading. Also there is positive developements from global side. Global indices also ended at higher level.Strong cues from global markets had boosted domestic bourses earlier in the day. US stocks rallied on Tuesday, 1 April 2008, after Lehman Brothers said it raised $4 billion in an offering of convertible preferred shares, which soothed fears it was heading for a fate similar to that of Bear Stearns. European markets, which opened after Indian market, were in green. Asian markets, which opened before Indian market Indian market, surged.
Sensex was up 96.49 points or 0.62% at 15,723.11, as per provisional closing. Sensex gained 92.85 points at day’s low of 15,719.47 hit in late trade. Sensex opened with an upward gap of 396.68 points at 16,023.30 and advanced further to hit a high of 16,236.70 in early trade. At the day’s high, the Sensex rose 610.08 points. It oscillated in a band of 517.30 points in volatile trade
The broader based S&P CNX Nifty was up 5.95 points or 0.13% at 4,745.50, as per provisional closing.
As i given the tip for Indiabulls in last some trading session, it has up today by almost 10% today and closed at 452.45. If it come below 400 start accumulating. In bullish market it will go upto 1000 level
todays share-
Today there is news from Welspun gujrath- that it had strted world class plate mill, which is its onlt third kind in the world. This is according to company's backward integration policy. This is very good future stock and i am following from 125 level, today closeed at 376 level Though its PE is high at 37.57 level , one can have in there portfolio. best buy is at below 300 level in such market.
Wednesday, April 2, 2008
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