Bull rally is likely to extend for one more day, as investors as Bulls are unlikely to give up their hold on the markets. expect a gain of 50 to 100 points on the benchmark index or the Sensex on the last trading day if the week.Midcaps will continue to dominate the scene as there are not triggers in the near term and investors will continue to look for new opportunities
Yesterday's gains in the Sensex could be attributed to some decent gains in IT and Technology related stocks, whose sectoral indices gained by more than one percent for the day.Wipro, Infosys and TCS helped the IT index and the Nifty. Bharti Airtel and Sterlite Ind were other heavy weights that contributed the gains in the Sensex.
Select Midcap stocks were in limelight inspite of the fall in the Midcap index and this trend is likely to continue going forward.New listing Man Infra finished off the day higher by 37 percent and there was lot of interest in the stock as reflected by the heavy volume in this stock. Another recent listing Syncom Healthcare gained 10 percent on strong operator activity and we see no value in this company.
As expected Texmo Pipes is close to the Rs 150 mark and offer no upside from the current levels. Core Project is another stock, that has seen string operator activity. Triveni Eng, MoserBaer India, Phillips Carbon are some the stocks that are worth watching from an intra day perspective