Thirdpersonmatt

Amid positive Asian markets the Indian share markets finally snapped its 5 day losing streak where it lost about 960 points from its previous close. The sensex gained 134 points to close at 14,678 levels.The nifty also closed up gaining 48 points at 4416 levels.

With the announcement of launch of Big TV services by ADAG group, the RCom stock was on a rally and gained 3.76%. Meanwhile we also saw a deal where M & M purchased a majority stake in the 3rd largest tractor making company of China and became the largest tractor manufacturing company as per last quarter data. But M & M stocks were sliding on the bourses and lost 2.08% today.

The rupee is also seen depreciating over the past few days and touched the highs of Rs 43.72 per dollar.RBI has fixed the reference rate of Us dollar at Rs 42.67 per dollar. The crude oil also maintained its downard march and its now being traded at $112.83 barrel.

The markets will also be awaiting the inflation figures for the week ending Aug 9th. For the week ending Aug 2nd the inflation figures stood at 12.44% as against 12.01% previously. If it rises further from here, then the markets may see a beating. But it is expected to touch 13% levels before softening.
So some intra day trading tips for today include: Vishal informatics(cmp 312),Rolta(I)(cmp 342),Wockhardt(cmp 205), Sun Pharma (cmp 1512),Torrent Power(cmp 120), RCom(cmp 415),ABB(cmp 898).

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This entry was posted on Thursday, August 21st, 2008 at 5:02 am and is filed under Computers & Internet, Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.