Thursday, 18 October 2007

Stock Markets Today

Almost 1000 points down in a day!! As per a report investors have lost over Rs 2.7 trillion in the last 2 days!!! Almost all the major stocks have corrected in the range of 10-18% from their day's highs. This has mostly been on account of funds selling off on account of uncertainly on political front. Now we can only wait and watch and see what happens tomorrow. Let's hope for the best!

Stock Tip: Neyveli Lignite

This stock looks like a good long term bet. Ashwani Gujral has given a target of Rs 150 for this stock in the short term. Analyst Sudarshan Sukhani is also of the view that this stock should be accumulated on dips and should be kept for long term.

CMP: Rs 133

Stock Markets today

Markets are up today on account of heavy buying seen in sectors like Telecom, Capital goods, oil and gas, reality stocks etc. The markets have not only recovered yesterday’s losses but touched new highs today.

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.