Newsletter dated 3rd May,2007
U.S. stocks rallied on Wednesday, as robust profits and a flurry of buyout offers powered the Dow Jones industrials to a record high and the S&P 500 to its highest level in over six years.What's driving the market is the same thing that's been driving the market for a while -- good global growth and the shrinking supply of equities, either from corporate buybacks or from companies going from public to private.
The Dow Jones industrial average <.DJI> was up 75.74 points, or 0.58 percent, at 13,211.88. The Standard & Poor's 500 Index <.SPX> was up 9.62 points, or 0.65 percent, at 1,495.92. The Nasdaq Composite Index <.IXIC> was up 26.31 points, or 1.04 percent, at 2,557.84.
European shares ended higher on Wednesday, boosted by stronger bank and resource stocks, amid a a batch of hefty corporate earnings and ongoing merger and acquisition speculation.FTSE was up 65 points at 6485, DAX was up 47 points at 7456. CAC was up 30 points at 5990.
Asian markets have also followed up the trend of European and American markets. Nikkei is up 120 points, Hang Sang is up 205 points.Other Asian markets are also trading higher.
Today Sensex is likely to open around 100-120 points.
Todays trading calls will be given through sms only....
ANURAG DUJARI
Mobile - 09831909904
The Dow Jones industrial average <.DJI> was up 75.74 points, or 0.58 percent, at 13,211.88. The Standard & Poor's 500 Index <.SPX> was up 9.62 points, or 0.65 percent, at 1,495.92. The Nasdaq Composite Index <.IXIC> was up 26.31 points, or 1.04 percent, at 2,557.84.
European shares ended higher on Wednesday, boosted by stronger bank and resource stocks, amid a a batch of hefty corporate earnings and ongoing merger and acquisition speculation.FTSE was up 65 points at 6485, DAX was up 47 points at 7456. CAC was up 30 points at 5990.
Asian markets have also followed up the trend of European and American markets. Nikkei is up 120 points, Hang Sang is up 205 points.Other Asian markets are also trading higher.
Today Sensex is likely to open around 100-120 points.
Todays trading calls will be given through sms only....
ANURAG DUJARI
Mobile - 09831909904
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