MARKETS UP

It was a great day for the markets today. Though it remained flat for most of the day it surged during the last one hour. The Sensex breached the 14,300 levels. The midcaps were also gainers. New listings Decolight, HTMT and Glory Polyfilm ended in discount, so all those investing in IPO’s it is advised to invest only in quality stocks and be prepared to hold on for longer term.
Some of the brokerage recommendations for this week are Laxmi Machine Works with a target of Rs.3510, Zensar Technology with a target of Rs. 484, Inox leisure with a target of Rs.160 and Elecon Engineering with a target of Rs.573. There seems to be a big run up in IFCI, so those who have already bought it, may hold on to it.