Wednesday, December 29, 2010

Another choppy session on cards

Dalal Street is likely to extend the choppy ride with another lacklustre session thanks to simillar cues from global equity markets. The Dow Jones Industrial Average edged up to hit a fresh 2010 closing high in thin trading on Tuesday.

Asian Markets are trading flat on Wednesday.

News Bytes

* Gitanjali in talks to raise $100 mn

* HPCL, Mittal plan IPO for Bathinda refinery in 2011

* M&M faces $290 millon lawsuit by Reva ally in New York

* Indiabulls renews partnership with RSA

* Gayatri Projects bags order worth Rs 113 cr

* MFIs seek freeze on repayment to Banks

* MOIL invites bids to form JVs for acquisition.

* US firm buys 60% stake in Nitin Cylinders

Markets - Flat but exciting times ahead

The current boredom on Dalal Street has not been witnessed from the past two years with majority of the investors taking a break from trading. We write time and again that exciting times are ahead of us. It is time to accumulate good stocks and we advice investors to avoid this year's top two sectors Banking and Automobile