Thursday, April 10, 2008

Market review after closing bell

In morning I said about range of nifty and suggest the buying on nifty. Nifty went almost 4800 and one can book their profit. I suggested some stock at opening bell like Dlf, bulrampurchini,ksoil and Bhel, all stocks performed well and one can book profit of average 2-3%.
Actually all in all nothing good about today’s closing, we almost went to 4,800 and then came right back, so quite disappointing. 4,725 is where the Nifty about to close and the Sensex at 15,700-15,650, down 132 points.
ICICI Bank is culprit number one, Bharti is culprit number two, Infosys is culprit number three and Ranbaxy, Suzlon, PNB, HDFC Bank, and Hindustan Unilever; they all contributed in small measures to the fall today.
Reliance Energy, Cairn India, RPL and TCS good and rearguard but not enough to cover the red ticks particularly from heavyweights like ICICI Bank. Quite a disappointing close..

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