In the last week sensex has zoomed up by around 790 points.
Capital Goods companies and banking stock are the frontrunners of the market gain. IT industry is still showing weakness due to reports of US market slowdown and dollar depreciation.
We expect a positive opening on monday as Left has formally given a
green signal to the Goverment on nuclear deal.
The movements in the market will continue to be volatile. FII's are still
pumping in fresh money in the Indian market which augurs as a good sign.
Our recommendations on India Bull, Yes bank, Power Grid and petronet LNG have already achieved their respective targets.
We continue to maintain a buy Rating on Ashapura mine and Lic housing.
Hold TTSL.
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