Newsletter dated 31st May,2007
The Standard & Poor's 500 closed at its first record high in seven years on Wednesday after minutes from the Federal Reserve's latest meeting reassured investors about the economy's health. As part of the broad-based rally in the U.S. stock market, the Dow Jones industrial average soared to its 25th record close so far this year, bringing a resounding end to a global equities sell-off sparked by a plunge in China's benchmark share index. The Nasdaq notched its highest finish in more than six years. On Wall Street, this was the third day of gains for all three major U.S. stock indexes.
The Dow Jones industrial average <.DJI> shot up 111.74 points, or 0.83 percent, to close at a record 13,633.08, just off a lifetime intraday high of 13,636.09 set earlier in the session. This is the 47th record close for the Dow since October, when it first crossed 12,000. The Standard & Poor's 500 Index <.SPX> jumped 12.12 points, or 0.80 percent, to finish at a record 1,530.23. At this level, the S&P 500 closed above its previous record of 1,527.46, which was set on March 24, 2000, in the waning days of the dot-com stock bubble. The Nasdaq Composite Index <.IXIC> ended up 20.53 points, or 0.80 percent, at 2,592.59.
Nikkei average gained more than 1 percent on Thursday as investors bought back shares of technology firms such as Kyocera Corp. after gains on Wall Street eased concerns about China's stock sell-off. Market participants said sentiment was strong, even as China's benchmark Shanghai Composite Index <.SSEC> swung widely in volatile trade. In the previous session, the Chinese index plunged 6.5 percent and raised concerns about a global stock sell-off. A rally on Wall Street, however, erased much of the immediate concern about a global slump. The blue-chip Hang Seng Index <.HSI> was up 0.7 percent, as Wall Street highs helped the market rebound following Wednesday's decline.
Sensex is likely to follow the global markets today. It might open 100-150 points up supported by blue-chips and technology stocks. Dollar has turned strong at 40.75 which is a positive for tech companies and export companies.
TOP BUYS.....
1. NAGARJUNA CONSTRUCTION
2. SATYAM COMPUTERS
3. INFOSYS TECH
4. VSNL
5. INSECTICIDES INDIA (dark horse)
Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.
ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com
Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.
The Dow Jones industrial average <.DJI> shot up 111.74 points, or 0.83 percent, to close at a record 13,633.08, just off a lifetime intraday high of 13,636.09 set earlier in the session. This is the 47th record close for the Dow since October, when it first crossed 12,000. The Standard & Poor's 500 Index <.SPX> jumped 12.12 points, or 0.80 percent, to finish at a record 1,530.23. At this level, the S&P 500 closed above its previous record of 1,527.46, which was set on March 24, 2000, in the waning days of the dot-com stock bubble. The Nasdaq Composite Index <.IXIC> ended up 20.53 points, or 0.80 percent, at 2,592.59.
Nikkei average gained more than 1 percent on Thursday as investors bought back shares of technology firms such as Kyocera Corp. after gains on Wall Street eased concerns about China's stock sell-off. Market participants said sentiment was strong, even as China's benchmark Shanghai Composite Index <.SSEC> swung widely in volatile trade. In the previous session, the Chinese index plunged 6.5 percent and raised concerns about a global stock sell-off. A rally on Wall Street, however, erased much of the immediate concern about a global slump. The blue-chip Hang Seng Index <.HSI> was up 0.7 percent, as Wall Street highs helped the market rebound following Wednesday's decline.
Sensex is likely to follow the global markets today. It might open 100-150 points up supported by blue-chips and technology stocks. Dollar has turned strong at 40.75 which is a positive for tech companies and export companies.
TOP BUYS.....
1. NAGARJUNA CONSTRUCTION
2. SATYAM COMPUTERS
3. INFOSYS TECH
4. VSNL
5. INSECTICIDES INDIA (dark horse)
Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.
ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com
Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.
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