Rally on the boruses continued for the fourth day today. NIFTY is trading at 3860.10 (+2.54%). The star performers of the day are undoubtedly the Banking sector stocks.
BANK NIFTY is at 5495.40 as against its previous closure of 5288.40 (+3.91%). All 12 stocks of Bank Nifty have advanced.
Top Bank Nifty performers are Bank of India (+8%), PNB, Canara Bank (both +5%), OBC and UTI Bank (both +4%)
Add commentMarch 22nd, 2007
The markets continued to occupy more positive territory. Bank Nifty meanwhile crossed the 3% gains mark.
NIFTY is currently at 3857.40 (+2.47%). To gainers in Nifty 50 are VSNL (+7%), PNB, BHEL, Maruti (all +5%), ONGC, Dabur (both +4%), HLL, OBC, L&T and HDFC Bank (all +3%)
Add commentMarch 22nd, 2007
The Indian stock markets opened positive. NIFTY is at 3835.65 as against its previous closure of 3764.55 and is at +1.89%. All indices are in green. Bank Nifty already is +2.5%
Stocks that are currently buzzing on Nifty 50 include VSNL (+5%), SBI, ONGC, OBC (all +3%), PNB, L&T, Reliance Communications, Satyam Computers, Dabur and HLL (all +2%).
National Aluminum continued to stay weak. The script is marginally low. So is Glaxo today.
Add commentMarch 22nd, 2007
Market observers of the Global markets feel that the Real Estate and housing stocks have been overvalued now. Real Estate stocks are the biggest sectoral losers in almost all markets, particularly in this correction phase. Quality of housing loans in the US and the ripple effect of SEBI keeping a watch on real estate stocks on one side, the correction hit banking industry on another apart from the downtrend followed by cement stocks have hit real estate and infrastructure industry.
Hence, investors and traders with real estate stocks needs to be extremely cautious, particular in this season.
Add commentMarch 22nd, 2007
US Markets had a relatively positive day today. All US indicies closed in positive, thanks to the gain of points led by a rally in the last 2 hours of trade. NASDAQ 100 AHI however closed in red by a mere 0.01%
The Asian markets too had a good morning. All Asian indicies are about 1% up.
Add commentMarch 22nd, 2007
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Feb | Apr » | |||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |