We are gald to anouunce that today we r 900+subcriber ,thank u for ur greaat response,and thanks to all nri too also for ur trust
Markets look to open strong for the third day in a row as Bulls look to come back and regain some lost ground in the past few months. The global cues are good with the US markets ending up and Nikkei joining the gainers club
On the domestic front Reliance Industries Ltd announced that it discovered natural gas in Mahanadi and this will definitely reflect on the stock performance today. The overall sentiment in the market has started improving as we have seen some selective buying in some sectors like Tea which has underperformed the market for the past 12 months. The focus has now turned to Budget 2008 which is due on Friday, ignoring the upcoming F&O expiry. We strongly believe and are nearly certain that Agriculture (fertilizers in particular) and Textiles will be the two key sectors to watch out for in the upcoming budget.
Mid cap and Small cap indices which have underperformed the index for the last 6 sessions made a come back yesterday and are likely to outperform the large caps in the coming days. We see a gain of 1.5 to 2 percent on BSE today with selective buying in sectors which could gain from budget sops.
Stock in news - RIL, BHEL, Concor, Cairn India, Petronet LNG are Newsworthy stocks today.
Reliance Finds Natural Gas in Mahanadi Basin.Reliance owns 90 percent in the area and Canada's Niko Resources Ltd. holds 10 percent of the area
Bharat Heavy Electricals Ltd won a $269 million) order for a power project in Gujarat from Gujarat State Energy Generation Ltd for a 350-megawatt turbine-based plant that will be located at Hariza.
Container Corporation of India (Concor) is all set to add eight new rail-linked inland container depots) with an investment of Rs 320 crore by the end of 2009
Cairn India has entered the race for acquiring two oil exploration blocks in Sri Lanka, by bidding for blocks 001 and 002 under the ongoing Sri Lankan licensing round.
Asian Development Bank is likely to exit Petronet LNG Ltd by selling its 5.2 per cent holding in the country's biggest liquefied natural gas importer possibly to promoters or billionaire Lakshmi Mittal.