Pre-Market Report: 26.06.2009
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B. Karthick
Jun 26, 2009, 12:21:34 AM6/26/09
to Kences1
Bulls gearing up for a rally, on the last trading day of the week
Stocks on Dalal Street are likely to spike on opening bell, after
losing early gains in the final hour on Thursday. Strong gains in the
US market is likely to boost investor sentiment on the Street. Expect
the benchmark index or the Sensex to gainnearly 300 points or 2
percent for the day.
On Wall Street, Investors rushed back into stocks as profits at a
handful of companies indicated the economy might be gaining
strength.The Dow rose 172.54, or 2.1 percent, to 8,472.40, after
falling 40 points in the early going.The broader Standard &Poor's 500
index rose 19.32, or 2.1 percent, to 920.26. The gain pushed the index
back into the black for the year. The Nasdaq composite index rose
37.20, or 2.1 percent, to 1,829.54.
Realty, Oil & Gas and Banks might outperform the broader market. Crude
made a come back on Thursday to nearly $69.50 per barrel on the New
York Mercantile Exchange as prices hover under the year's peak on
economic concerns. Watch out for Cairn Energy and Reliance Petroleum
in this space.
Meanwhile the race for Great Offshore Rs 413 is heating up, as ABG is
likely to make a revised offer soon, to trump Bharati Shipyard counter
offer. We still maintain a target of Rs 450 on this stock.The stock of
Unitech might see a sigh of relief. Unitech is poised for another
upmove after a decent gain yesterday. The stock might reach Rs 92 in
Friday's session.
Bartronics India was locked in circuit Rs 170, on speculation that the
company will be a front runner in the newly announces 'Identity Card'
program by the government. The stock has a long way to go from here.
JP Hydro was another mover on huge volumes on some fund buying. Max
India,BEML, D-Link and Hotel Leela are some of the stocks to watch out
in today's trade.
B.Karthick
Research Analyst.
Stocks on Dalal Street are likely to spike on opening bell, after
losing early gains in the final hour on Thursday. Strong gains in the
US market is likely to boost investor sentiment on the Street. Expect
the benchmark index or the Sensex to gainnearly 300 points or 2
percent for the day.
On Wall Street, Investors rushed back into stocks as profits at a
handful of companies indicated the economy might be gaining
strength.The Dow rose 172.54, or 2.1 percent, to 8,472.40, after
falling 40 points in the early going.The broader Standard &Poor's 500
index rose 19.32, or 2.1 percent, to 920.26. The gain pushed the index
back into the black for the year. The Nasdaq composite index rose
37.20, or 2.1 percent, to 1,829.54.
Realty, Oil & Gas and Banks might outperform the broader market. Crude
made a come back on Thursday to nearly $69.50 per barrel on the New
York Mercantile Exchange as prices hover under the year's peak on
economic concerns. Watch out for Cairn Energy and Reliance Petroleum
in this space.
Meanwhile the race for Great Offshore Rs 413 is heating up, as ABG is
likely to make a revised offer soon, to trump Bharati Shipyard counter
offer. We still maintain a target of Rs 450 on this stock.The stock of
Unitech might see a sigh of relief. Unitech is poised for another
upmove after a decent gain yesterday. The stock might reach Rs 92 in
Friday's session.
Bartronics India was locked in circuit Rs 170, on speculation that the
company will be a front runner in the newly announces 'Identity Card'
program by the government. The stock has a long way to go from here.
JP Hydro was another mover on huge volumes on some fund buying. Max
India,BEML, D-Link and Hotel Leela are some of the stocks to watch out
in today's trade.
B.Karthick
Research Analyst.
raja magi
Jun 26, 2009, 5:09:11 AM6/26/09
to ken...@googlegroups.com
really thanks lot for ur accurate
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