While Robot mania swept South India, Commonwealth Games kicked off in style on Sunday evening much to the relief of Indian government. Global equities are trading marginally in the positive with wall street closing up on Friday. Dow closed up 45 points while Nasdaq gained 2 points.
Asia mixed on Monday morning
Nikkei slipped into red after financial services stocks suffered steep declines. Korean Kospi index is up 0.3 pct
SUN TV - Rakes in a big moolah
Sun Pictures, the subsidary of Sun TV has tasted tremendous success over the weekend after the most costliest Indian film Robo was declared an allround hit. Reports say SUN TV is likely to recover the cost of the film in the first week itself. We believe Sun TV stock is in for a ride and we expected the same in our recent analysis.
Dalal Street - The show continues
Bull show on Dalal Street is likely to extend this week too. While there will be volatile sessions and intermediate cool-offs, we at DStreet believe the flows will only continue resulting in some more upside. Five IPOs will be listing this week end.
Tata Steel on Sunday increased prices of its products by up to Rs 1,500 per tonne, mainly on account of rising demand.
Year to date, the BSE Capital Goods Index is up 70%, the BSE Bankex is up 42%, the BSE FMCG Index is up nearly 33%, and the BSE Auto Index is up over 31%, while the benchmark Sensex has risen only 17% in the same period.
Sectorally Realty is the best bet followed by Capital goods, Metals and Fertilizer stocks