Sensex defied the world markets and went ahead and broke out from the previous high but quickly toed the global cues eventually. The FIIs will be in Christmas holiday mood and the market would like to wait for the 3rd quarter results in January and then a big event the Union Budget. No major upmoves by the sensex expected in this week.
Pharma sector saw a good move after a long time and some more move is likely in the same way the realty sector moved. The best counters in this sector are DRREDDY, CIPLA, MOREPEN, IND SWIFT LAB, MARKSANS, GUFICBIO, KOPDRUGS, JAGSNPHARMA, NEOCURE etc.
17 December 2007
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