Wednesday, November 14, 2007

Markets Today: Biggest Single Day Gain

The markets ended with monster gains on heavy buying in scrips across sectors. Sensex has gained over 900 points and Nifty has scored over a double century and was up over 250 points. It was the biggest single day absolute gain for Sensex. The cues from global markets have been robust with Asia closing higher and Europe opening strong.
Oil & gas, capital good, metal and banking stocks continue to be in the limelight today. Broader markets have also participated in the uptrend but the frontliners outperformed the midcap and smallcap indices. BSE Midcap index was up over 2% and the smallcap index was up over 2.4%.
ICICI Bank surged over 9%, Wipro and Hindalco were up over 7% followed by HDFC, HDFC Bank, Bharti Airtel, Rel Petro and PNB.
Sensex was up 893.58 points or 4.69% at 19929.06, and the Nifty up 242.50 points or 4.26% at 5937.90.
About 2135 shares have advanced, 852 shares declined, and 78 shares are unchanged.
The BSE Midcap Index ended at 8,285.63 up 2%.
The BSE Smallcap Index ended at 10,039.38 up 2.4%.
The BSE Bankex was up 7.2%. Top gainers were HDFC Bank up 11.3%, ICICI Bank up 8.9%, PNB up 9.7% followed by SBI, BOB, HDFC Bank, Union Bank, Axis Bank, Kotak Mahindra, Andhra
Bank, Bank of India moved upwards.
The BSE Capital Goods Index was up 1% at 20,386.41. Siemens, Areva T&D, Kirloskar Oil, Bharat Bijlee, Triveni Engg closed higher.
The BSE Auto Index closed at 5,423.10 up 0.6%. Hind Motors, MICO, TVS Motor, Maruti Suzuki, Cummins closed higher.
The BSE Metal Index closed was up 4.2%. Among the top gainers were Nalco up 13.7%, Hindalco up 7.3%, SAIL up 6% Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,062.04 up 1.2%. United Spirits, GlaxoSmith Con, ITC, Dabur India, Marico, ITC, Bata India closed higher.
BSE Oil and Gas Index closed up 7%. Heavies like Reliance up 7.2%, ONGC up 4.7% followed by Reliance Natura, Essar Oil, Reliance Petro, Petronet LNG ended higher.
The BSE IT Index was at 4,634.64 up 0.4%. Wipro, Satyam, Infosys, Financial Tech, TCS closed higher.
BSE Realty Index was up 3.1%; Unitech up 2.5%, Indiabulls Real up 7.5%.
The NSE cash turnover was at Rs 20698.46 crore and the NSE F&O turnover was at Rs 68270.99 crore. The BSE cash turnover was Rs 8791.8 crore. Total market wide turnover was at Rs 97761.25 crore.
Source:moneycontrol.com

Intraday Calls for 14th November

Market may open with gap up and a strong rally expected. Once close above 20000 for sensex 22000 levels can be seen by Jan-Feb 08.

Buy for Intraday:

Power Sector:
Reliance Energy,
Suzlon Energy,
Power Grid
NTPC
Torrent Power

Banking Sector:
Bank of Baroda
UCO Bank
Yes Bank
Syndicate Bank

Financial Sector:
India Infoline
India Bulls
IFCI
PFC
Tata Investment Corp (Trading very cheap at Rs. 690/- compare to its peers like Reliance Capital. Buy for Long Term Target of Rs. 2000+)

Others:
DCW, Teledata, Blue Bird, Paramount Communication, Genus Power, MTNL, Sail, Wipro.

***** Maximaa Systems hits the upper curcuit at Rs. 3.85/- and CHD Developers is also moving up.

Good Luck

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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