Pre-Market Report: 25.06.2009

[B. Karthick]

Momentum in the markets to continue on positive global cues

Stocks on Dalal Street are likely to open higher On Thursday's trade
as bulls look to extend their winning streak. Subsiding worries about
the recession and positive global cues are likely to give a reason for
investors to buy equities. Expect the benchmark index or the Sensex to
gain nearly one percent or 150 points for the day.

Stocks closed mostly higher on Wall Street after the Fed said the
economy was on the mend and orders for big-ticket manufactured items
posted an unexpected increase.The Dow fell 23.05, or 0.3 percent, to
8,299.86, extending its slide to a fourth day and a loss of 3
percent.But the S&P 500 index rose 5.84, or 0.7 percent, to 900.94 and
the Nasdaq composite index rose 27.42, or 1.6 percent, to 1,792.34.

Banking, Power and Realty sectors are likely to outperform other
sectors in today's trade. IT sector might witness some demand as gains
in the technology laden Nasdaq might rub on to the Software stocks.
Suzlon Energy has witnessed heavy buying among the NSE-50 stocks and
the uptrend is likely to continue.

HDFC, ICICI Bank and Sterlite Ind remained subdued on Wednesday.
Expect a mart pull back in ICICI Bank an HDFC, which might gain from
reforms on the housing front. Dewan Housing Finance was also locked in
10 percent circuit as housing finance companies were in demand.

The stock of Educomp is on fire and surged by nearly 11 percent to
3,421 on news of investment from UK based publishing company, Pearson.
Torrent Power gained more than 15 percent on huge volumes, on
expectations of power reforms in the budget. Unitech, FACT, Glenmark
Pharma and Pyramid Saimira are worth taking a look from a trading
perspective.