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Finally the markets are back into action.After a long sea-saw session the markets ended the day in green by gaining over 326 points to settle at 18852 levels and nifty at 5608 levels up by over 89 points.In the morning session the markets slid into red after the news of serial blast came from UP and minutes before the close it saw a good momentum in scripts like power,reality and IT stocks.
But the investors need to remain cautious over the next week or so, as some triggers from US may lead to high volatility in the market.But as always we believed that the faster the market goes down the faster it recovers, and we are going to see this in coming days.If the markets remain up and over 18,300 levels we will definitely see some good gains next week.The other triggers could be the Fed meeting next month and the Reliance issue.
Some of our calls given for Friday did very well like Welspun(I) up 20%,Marg ,Simplex Real,Modern India,DCM shr Industries,GTC industries gained 5% each in the intra day.The cautious call on Infosys gave 1.8%, Sical logistics was up by 2.5 %. And the stocks which didn’t perform as per expectation are Jaiprakash Asso,PNB,D-Link and Nucleus Software.But they didn’t perform badly too.Most of them closed flat.Lets hope markets recover soon.Till then all fingers crossed!
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