Morning Update

Markets shrug off weak global cues to rally smartly yesterday. It has been the surprise outperformer and it seems that this is the sector which will lead us beyond the trading range where we have remained confined for the last nine months. Stocks being focused by FII’s should be preferred as they are the major movers in the markets today. So focus on what institutions, in particular the foreign ones are upto if you want returns in the short run. Overall looks to be a good market going ahead where there will be plenty of money making opportunities.