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BSE Sensex: (13547) so far the market is not showing any signs of strength but the first sign of strength would be trading above 13605 and then a resistance is at 13840 and next trading day happens to be the last day of the week

Markets rebounded with small rally in today’s session after sharp fall seen on Tuesday and ended higher though they were off day’s high. Benchmark indices saw some volatility as well ahead of the F&O expiry for the month of September.The Sensex rose 122.21 points or 0.9%, to settle at 13,692.52. The Nifty had managed to cross 4200 during the session but failed to sustain above that level. It closed at 4161.25, down 34.35 points or 0.83%.

Indian PSU banks showed more improvement than their private and foreign competitors on several counts in 2007-08. That’s according to an RBI compilation released.

RS Sharma, Chairman and Managing Director, ONGC, says the company is targeting acquisitions in Latin America, Commonwealth of Independent States and Africa. “The company has a good appetite for overseas acquisitions,” he said.

Sharekhan has kept a buy rating on Sun Pharmaceutical Industries with a target of Rs 1640, reports CNBC-TV18.

Technical Analyst, E Mathew is of the view that above Rs 330, Punj Lloyd can touch Rs 350-350.

Credit Suisse has maintained its outperformer rating on Tata Steel with a target of Rs 1000, reports CNBC-TV18.

The Sensex closed 145.34 points lower on the day of F&O expiry for the month of September to close at 13,547.18, while the Nifty closed at 4,105.55 losing 50.70.

Enam Securities has maintained its outperformer rating on Reliance Industries with a target of Rs 2540, reports CNBC-TV18.

Technical Analyst, E Mathew is of the view that GMR Infrastructure has target of Rs 105-108.

Morgan Stanley has maintained its buy rating on Sterlite Industries (India) with a target of Rs 647, reports CNBC-TV18.

Technical Analyst, E Mathew is of the viewt that Reliance Industries has got extremely good support around Rs 1870-1900.