Stocks Ready to take off
Tuesday, May 06, 2008 | | |The Sensex opened 49 points lower at 17,441. Some buying in opening trades saw the index spurt to a high of 17,502. The index, however, could not hold gains and soon slipped back into the negative zone.Unabated selling in the market saw the index tumble to a low of 17,238 - down 264 points from the day's high. The Sensex recovered partially and finally ended with a loss of 118 points at 17,373.
The market breadth was fairly negative - out of 2,753 stocks traded, 1,711 declined, 975 advanced and 67 were unchanged today.
The NSE Nifty shed 48 points to end at 5,145.
STOCKS READY FOR A TAKE OFF: BUY BAJAJ HOLDINGS& INVESTMENTS TARGET 852 STOP 721.The following Mutual funds have invested in bajaj holdings.
Fidelity India Special Situations Fund - Growth 2.12%
Fidelity India Special Situations Fund - Dividend 2.12 %
JM Auto Sector Fund - Growth 2.11 %
JM Auto Sector Fund - Dividend 2.11%
Tata Index Fund - Sensex Plan (A) - Growth 2.03%