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Monday, November 26, 2007

US Markets ends strong


US markets recovered and helped to trim down some of the weekly losses made. The recovery was largely due to positive cues from European markets and Canadian stocks posted a triple digit gain. Mean while on hopes of black Friday; markets expect a boost in the retail sales; traditionally this is one of the important day of year sales. This boosted the sentiments of investors and helped the indices to close on strong bounces back. Dow ended up by 181 points at 12,981 while the Nasdaq closed at 2,597 up by 34 points. The S&P index ended up by 24 points at 1441. Asain markets are trading in green following the US Positive move. Expect Indian Markets to have positive start.

Indian ADR?s ended strong. The major gainers were HDFC Bank (+7.74%), Tata Motors (+7.46%), ICICI Bank (+4.74%) and Satyam (+4.67%).