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MMB Messenger  
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European markets surged last night, and the US indices also shot up. Asian markets are also strong this morning, and a global short-term rally is on. We can accordingly expect strong gains today. ...
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It was a great day for the market. We saw a 500-point rally on the Sensex, and a 150-point rally on the Nifty. Even a fairly lacklustre GDP number of 7.9% got completely shrugged off by the Street. We had some help from inflation, global markets and crude....
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Amit Dalal of Amit Nalin Securities expects the Nifty to trade rangebound between 3,800 and 4,300 in August. "I don't think we will break that very easily. On the contrary, 13,800 on the Sensex is also looking as a good resistance point."...
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At 11:16 am, Tata Power Company was quoting at Rs 1,069.75, down Rs 31.6, or 2.87%. It has touched an intraday high of Rs 1,149 and an intraday low of Rs 1,060. According to agencies, the company has bid for 3300MW Singapore Power utility put on block by Temasek, reports CNBC-TV18. It was trading with volumes of 291,467 shares....
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29 Aug 2008 22:21
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Ambareesh Baliga of Karvy Stock Broking expects more downside in the realty prices till November-December and according to him once that gets reflected in the stock prices, a stock like DLF should at least see 30-35% shaved off from here....
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ICICI Securities keeps a buy rating on Allied Digital with a target of Rs 1050 in its research report....
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