Stock Recomendations

Free float method for nifty led the volatality in last week. Weak global cues dragged the Indian indices lower in the initial part of the week, Concerns over below-normal monsoon add some pressure also. Expiry of derivatives contracts for the June series led to volatile movement on the bourses. BSE sensex rose by 1.7% during the week. NSE Nifty also gain 1.4% to end at 4376. Positive news flow and increase in weitage of L&T in the Nifty attributed to a 6% jump in capital goods index. Power and banking stocks werw in demand on the back of budget expectations. How ever, delay in monsoon raised fear about slowdown in auto sales, led the auto stocks lower over the week.

Top Gainers:- LT, ACC, HDFC, ICICIBANK, GRASIM

Top Losser:- RANBAXY, TATASTEEL, M&M, HDFCBANK, NTPC

Last Three months euphora is really overdone. This is the feeling of all big players and FII. Last week FII done the profit booking. They halt it on friday. Bulls on track on friday. All the week weak global clues are made huge pressure on board and no local triggers for bulls. RIL dragged the BSE Oil and gas indexlower after the Bombay High court directed it to supply gas to RNRL at about half the government approved price for 17 years. Due to profit booking sell off seen in realty and metal sector. While the banking sector end with gain on robust advance tax numbers.

Major global indices end in red due to fear of that the pace of the global economic reccession is not easing asfast as had been anticipated. S&P down grade 22 bans of USA, after this the financial sector fall at te US indices. Shanghai outperforme the globe as world bank raised china's growth forecast.