Market Review for 29th September 2008
BSE Sensex: (13102) we said the market displays no sign of strength and the market cracked, still no sign of strength.
Archive for September 28th, 2008
Weekly Review for the Week September 29th – 3rd October 2008
We said ‘Technically the weekly bar is typical reversal bar and we could see some upside in the week ahead with ample volatility thrown in this F&O expiry week’
Markets this week : Nikunj Stock Brokers
This week saw more bad news coming our way. Washington mutual, the worlds largest bank failed. It has been handed to JP Morgan.
Lehman effect :Indian banks lose Rs 400 crore
The Indian banking sector saw a mark-to-market losses of around Rs 400 crore due to their investment in instruments of troubled US financial giants like Lehman Brothers and AIG, 75 per cent of which is accounted by ICICI Bank alone.
Stock Idea – Godavari Power and Ispat Ltd.
Scrip: – Godavari Power and Ispat Ltd
CMP: – 143
BSE Code: – 532734
52 week H/L: – 376.50 – 141.00
Market cap: – 401.83