It all started last Tuesday and Bulls were moving with a breathtaking pace with chances of correction unlikely for the ninth consecutive session on Nifty today. Wall Street closed big on thursday breaking major resistance levels.
News Bytes
* Shipping Cos expect 20% rise in operational costs
* Fortis plans to set up 25 low-cost hospitals
* Core sector growth slows to 5.3% in May
* Cox & Kings eyes global buys to raise Rs 1,500 cr via FIIs
* GMR speeds up work on Rs 26,000-cr Kakinada SEZ
* IndusInd to grow credit card portfolio 4-fold in 3 years
* Pfizer sues Aurobindo Pharma over Lipitor
* Telecom Comm to decide on VSNL's surplus land on July 5
* Govt approves Cairn-Vedanta deal
* JyothyLab hikes Henkel stake to 69%
* Alsthom India, HCC bag Tehri Hydropower plant deal
Markets - Raging bull racing away
It is time to catch the market. But we do not suggest largecap stocks as the rally is likely to cool-off soon. That is when we expect broadbased rally in the markets. Investors should look into midcap segment. It is time to mop of these stocks. Realty is our top bet this month.
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