Wednesday, October 17, 2007

MARKETS RECOVERY AFTER MORNING CRASH

Buy "TCS" for a target of 1250/-

Buy "TSIL" for a target of 300/-


The markets seem to be recovering after crashing in the morning on SEBI's P-Note proposals made yesterday. The Sensex is at 18,076, down 975 points and Nifty at 5351, down 316 points from the previous close. All BSE sectoral indices, but IT, are in the negative terrain. The BSE IT index is up 0.2%, thanks to Infosys (up 1%), Satyam (up 1.5%) and TCS (up 3.6%). The the rupee fell the most in two months, following the P-Note proposals made by SEBI

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