Weekly Newsletter - Nov 5 2010

It was Diwali Dhamaka on the street as investors seem to have shrugged off the latest rate hike by the RBI and at the same time cheered fresh monetary stimulus from the US Federal Reserve. Coal India's phenomenal listing was the icing on the cake, coming as it did on the eve of Diwali. A premium listing was always expected but a close at Rs 342 was not really anticipated. With Thursday's stunning rally, the key indices are once again within striking distance of the all-time highs. So, naturally all eyes will be glued on the trading screens to see if they can advance further and touch new historic highs. If world markets are supportive the Sensex and the Nifty may well scale new peaks. That's the happy thought we would like to leave you with.

Wish you a happy and prosperous New Year.