The Indian markets were butchered owing to relentless selling in all the sectors and also bleeding in heavyweights like Reliance Industries, HDFC and L&T. Foreign money outflow could be another reason that sent the Nifty to break 5500-mark yesterday for the first time since September 06, 2010. Negative European markets also spooked sentiments. Broader indices were badly hit as compared to benchmarks this week.
Saturday, January 29, 2011
Friday, January 28, 2011
Weak Asian cues to drag markets lower at start
The Indian indices are expected to open on a negative note on account of weak Asian cues.
Thursday, January 27, 2011
Stocks To Watch Tomorrow
The markets took sharp cuts today and not a single sector was spared from the beating.The weakness was accentuated by the F&O expiry as traders seemed to rollover their short positions to the next month’s series amid persistent uncertainty over the near-term prospects for the Indian markets.
Stocks to watch tomorrow,
Cmp:61.50,
Action:Buy,
Target:70,
Source:P K Agarwal,purpleline investment on CNBC AWAZ.
Cmp:156.85,
Action:Buy,
Target:215,
Source:Sharekhan.
Cmp:89.85,
Action:Buy,
Target:107,
Source:Anand Rathi securities.
Cmp:51.90,
Action:Buy,
Target:58,
Source:Angel Broking.
What experts says?
Fresh investments should not be made till the market corrects and reaches the level of 5400, says, Avinash Gorakshkar of Anagram Capital on CNBC-TV18
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