Good buying interest and positive global cues helped the markets end on a strong note on the last day (Thursday) of a shortened week. Initial forecast of a near-normal monsoon this year by the Indian Meteorological Department also boosted market sentiments. IT and Banking stocks were in demand throughout the trading session. Realty and Metal stocks picked up momentum in the last hour of trade. Banking stocks were in flavour for the day after inflation easedfrom more than three years’ high of 7.4%. The wholesale price index rose 7.14% for the week ended April 5, 2008, as per latest data. Among the frontliners, Infosys, DLF, HDFC, Hindalco and HDFC Bank gained 4-7%, while Reliance, REL, L&T, ACC and HUL lost ground by 0.5-3.5%. In the mid-cap segment, National Fertilers, Tata Tele Services, Development Credit Bank, MindTree and Chambal Fertilisers gained 13-23%, whereas Usha Martin, ST Trading corp, HEG Ltd., Jain Irrigation and Orchid Chem lost 4-12.5%.

The trend deciding level for the day is 4944 / 16483 .NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4999 / 16569 . However, if NIFTY trades below 4944 / 16483 for the first half-an-hour of trade then it may correct upto 4904 - 4849 /16395 – 16310

For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630