Yesterday's strong recovery was a indication that bulls has no plan to let up. Steamed by strong global cues, despite DIIs & FIIs net sold, it managed to turn around and bounce.
Bull will likely to stage the show today as well. Domestically there is nothing negative.
Global markets trade in positive territory.
A recovery is expected in telecom that was beaten down by the investors for their price war, that has reached at its bottom. Watch the following stocks today:
+Yesterday, RIL submitted affidavit in SC. Also RIL board is meeting today for reviewing audited result and recommending dividend.
+JSW Steel said Q2 crude steel production up 54% at 15.39 lakh tonnes
+KS Oils buys 53,000 acres land in Indonesia to develop palm oil plantations
-Pyramid Saimira denies reports RBD Group buys 40% stake in company and production arm
The weakening dollar continues to strengthen prices of commodities. Gold has hit an all-time high of USD 1045 per ounce, gaining over 2%. The yellow metal surpassed its 2008 high of USD 1034 dollar per ounce in intra-day trade on Wednesday night.
Gold prices have gained 18% this year in dollar terms.
Rupee gained yesterday by 63 paise against weakening dollar.
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