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Stocks on Dalal Street are poised to open in the positive territory after giving a pause on Wednesday. Positive cues from the Wall street and some speculative buying could keep the index in the fat to positive territory. Expect the benchmark to trade in a band of 50 to 100 points for the day
Asia is off for a flat start with the benchmark indices in Japan And South Korea trading flat and Australia is slightly in green in the first hour of trade. SGX Nifty, which tests the pre-market momentum is up nearly 15 points at 5,141.50.
As expected Metals and Banking stocks took a beating, courtesy of falling dollar. We see the fortune for the metal pack reversing in today's trade after the greenback pulled back in the currency markets. Metals look hot for day traders today.Hindalco, Jayswal Neco and Adhunik Metaliks are some of the pick for day traders.
Smallcap stocks were in spotlight on Wednesday with index tracking the smallcap stocks gaining 0.4 percent for the day. Things are really getting heated up in this space as Largecaps took a back seat as Funds are sitting tight and are commiting new funds to the heavy weights. Part of the reason could be attributed to the holiday season in U.S, which has kept lot of FII's away from the markets.
Alps Ind and Surya Roshini are two stocks that one could watch out for from a trading perspective. Midcap and third rung IT stocks are likely to extend their rally in to today. Watch out for Goldstone Technology, Four Software are worth watching. Agri Commodity stocks like LT Overseas and KRBL might be active for the second day in a row