Gosh today feels like such a stifling day.. even the markets have opened weak, again!! Though I expected the Citibank deal with Abu Dhabi banks to provide some relief to the market's down-the-hill journey!!
Anyways, the corrective effect is no where to be seen.. The market is down, just a shade under one percent. Auto stocks seem to be doing well, actually, I'm only tracking the scripts of Bajaj Auto, Maruti and Tata Motors. While the last 2 names have not given a good return in the last month or so, scripts of Bajaj Auto are set to go higher on the back of high sales volume for the month of November.. Sounds good to your ears?? Sample this: UBS has a target price of Rs. 3033/- on Bajaj Auto; Motilal Oswal has just released a target price of Rs. 2800/-.. The current market price is slightly over Rs. 2600/-.
Hey how many of you track Jindal Steel?? It's share price rocketed by over Rs. 4000/- in 2 trading sessions flat! This stock sure offers an amazing run for speculators and volatility traders to trade on!
Oh well, that's all from my end.. My coffee is also getting cold, so lemme go and attend to some dull boring things!! For those of you with nothing better to do, go and read James Patterson's Mary, Mary! An awesome novel (so far) on a serial killer..
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