Bharat Thakur, assistant manager, Karvy Stock Broking said that despite weak global cues, Indian markets was able to sustain at the current levels. Sensex closed flat at 18,663 up 2.84 points while Nifty ended up 20 points at 5493.
Action was seen in ADAG Group companies ahead of Reliance power Listing on Feb. 11, 2008. Stocks like Reliance Capital, RNRL, Adlabs, NTPC, Ranbaxy laboratories were the major movers of the day.
He expects markets to move up further in the coming session ahead of RPL listing on Monday. Stocks to be watched out are CESC, NTPC, Punj Llyod and all ADAG Group companies.
Rahul Dhedia, senior dealer, Networth Stock Broking said that no major activity is being seen in the markets. Liquidity has dried. No action is being seen by the arbitrageurs. Markets remained choppy today (Feb 5), it was trading in a range of 50 points.
Fertilizer stocks traded well at the bourses. Buying was seen in Nagarjuna Fertilizers and Chambal fertilizers.
He expects stability to come in by next week. Markets are likely to trade in positive on Wednesday due to follow up buying.
Stocks to be watched out are KEI Industries and Nagarjuna Fertilizers.
No comments:
Post a Comment