Monday, April 19, 2010

Market Report for 19th April 2010

Asia trading weak; Hang Seng, Nikkei down over 1%
Britain, Germany weigh action against Goldman Sachs

Fortis loses 10% in a week as FII dumps shares
Asian Hotels: Demerger likely to boost valuation
CIL IPO likely to hit markets by July-end
Govt may regulate steel prices
HDFC Bank edges out ICICI as India's top pvt retail bank
RBI may pull out all stops to rein in inflation
Videocon aims to double Pipavav plant capacity to 2400 MW
Indonesian takeover to propel Godrej as No. 2 in Asia
Unitech floats Rs 300-crore Mumbai redevelopment fund
IL&FS plans stake sale to raise $300 mn

View:- Markets may open weak on account of global cues.

Nifty View:- Sell Nifty below 5237 for a target of 5205. SL 5255