Monday, October 31, 2011

METALS, CEMENT AND OIL & GAS DRAG SENSEX

The Sensex was down by 100 points despite net buying by FIIs to the extent of Rs 358Cr. Hindalco, Sterlite, Grasim, Ambuja, DLF and SAIL were down from 3 to 6% . HUL was the top gainer with almost 7% gain and closed at Rs 374 after touching all time high of Rs 378. In spite of its bad numbers Maruti closed in the positive. ICICI bank reacted positively to its number and recovered from the days low of Rs 921 and closed at Rs 931. Axis and Kotak Bank stocks closed in the positive.

The stocks that will be active with bias towards upward movement in the next 2-3 trading sessions are L&T, Coal India, RIL, HINDALCO, Hero Motor corp, Axis bank, SBI and ICICI bank.

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