Markets were up today, the sensex closed up at 33,250 up by 301.09 points. The Nifty gained 99 points closing plus at 10265.70 points. The RBI policy stated on Thursday remains unchanged, but the markets recovered today from a dull closing yesterday.
Markets were or are still bit nervous about the Gujarat elections the first phase which is to be held on 9th of December ie Saturday. The feeling among market circles is that BJP will retain Gujarat but might loose a little bit of vote share. Tata Motors might go up according to the Credit Suisse report, citing JLR might have double digit growth in December. Heavweights like Maruti Suzuki,, NTPC, L&T, Bajaj Auto boosted market sentiment.
Ashok Leyland might also do well as it is increasing as reports by some fund houses.LT Foods or Daawaat will do well it is around inr 80 now, we have observed the share at inr 65/. the demand for Basmati rice, processed by Daawat is high and they have set up a plant in Rotterdam to meet Foreign demand. City Union Bank also has moved to inr 75 plus which was observed since inr 30.CCL is at 311 which has been observed since inr 65. The makers of instant coffee of different types. All stocks are riding high now. Better be careful, book profits periodically and re enter at a comfortable price level wether low or high it is OK.
