Saturday, September 12, 2009

Share Market

Share Market BSE Sensex has recently crossed 16000 mark and in positive swing right now. Not only major big shares but midcap and smallcap scale shares are also seems to be going upward. Is this positive move is temporary, may be possible that will sensex go down in last 2 days of week but my personal view is that due to good raining in north India in last 10 days will definitely provide support to the investor confidence. Today their is a news that big companies have recruited even during the recession period and if everything goes in right direction the recruitment drive may expand. In approximately 2 weeks festival season (Navratra, Deepawali, Eid) will start and peoples will go on shopping from daily consumables to fixed assets. The sale of crops will surely generate liquidity in market which is good sign for economy.

Please send me your recommendation about following shares.

3i Infotech

Allahabad Bank

Dena Bank

Indian Hotels

Reliance Communications

RPL

Reliance Power

SAIL