Friday, October 19, 2007

Sensex Dips Further Down 580 points ( Sending Chills down the spine before winter)

Hindustan Construction should be bought on dips, says Ashu Kakkar, technical analyst, on NDTV Profit. It is a fundamentally good company and a long term investor should have no concerns in this counter, he says. Once Rs 210 is crossed, it will see higher levels at a faster pace. For short to medium term, Rs 130-140 is a good support, he adds. The Sensex is currently trading at 17,555, down 442 points and Nifty at 5205, down 145 points form the previous close.

Top Losers

+ Reliance Energy Ltd. 1,413.00 -11.21
+ Tata Power Co. 978.00 -9.34
+ Reliance Capital 1,508.90 -9.00
+ Union Bank of In 141.00 -8.53
+ Bharat Heavy Ele 2,019.00 -7.48

Top Gainers

+ Videsh Sanchar N 518.00+5.68
+ Hexaware Technologie 116.50+3.46
+ Guj. Gas Co. Ltd 312.60+2.36
+ RelianceCommu.Ltd 727.90+2.31
+ Finolex Cables 70.15+2.18

No comments: