Mar 20, 2009

Stock Review ....... 20/03/09

The Sensex opened 51 points lower at 8,951 this morning. Weakness in banking, capital goods and realty stocks dragged the index to a low of 8,867.

However, steady buying at the metal stocks helped the index recover most of its losses. The Sensex finally ended with a marginal loss of 35 points at 8,967.

The BSE Realty index slumped over 4% to 1,566, mainly on account of a 28% drop in Akruti City. The Capital Goods index shed 2.5% at 5,774, and the Bankex dropped 2% to 4,056. The Metal index however gained 1.6% at 5,260.

The market breadth was marginally positive at close - out of 2,569 stocks traded, 1,245 advanced and 1,219 declined.

Stocks to Watch

Hindalco Industries
Unitech
Suzlon Energy
IFCI
Sesagoa

Telecom Sector will remian under pressure for coming few months due to uncertainty over the 3G Spectrum auction Top pick: Reliance Communication

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