Wednesday, November 14, 2007

The market is not only holding on to its gains, but adding to it. The Sensex is up 718 points, at 19,760. Nifty is at 5896, up 201 points from the previous close. The BSE Bankex is up 4.6%, led by HDFC Bank, HDFC and ICICI Bank. BSE Metal, Oil & Gas, IT and Capital Goods indices are all trading over 3% each. Market breadth is still positive, with 1013 advances against 167 declines on the NSE.

The government may issue bonds worth Rs 4,000 crore to fertiliser companies this month, reports CNBC-TV18. Fertiliser stocks are up on this news; Chambal Fertlisers, up 5.3%, Deepak Fertilisers, up 3.8%%, Nagarjuna Fertilisers, up 4.7%, Coromandel Fertilisers, up 8%, RCF, up 13% and FACT, up 10%.

Bartronics looks very strong on the charts, says MB Singh, technical analyst, on NDTV Profit. It can go up to Rs 330-350 in the next 6-8 months, he adds. The stock is currently trading at Rs 231, up 8.3% on the BSE.

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