LD STOCKS 2

"The uptrend in market is unlikely to continue as the
market surged because of a fall in dollar against a basket of
currencies", Hitech Securities director Sanjeev Bhambri said.

The broader 50-share Nifty of the National Stock
Exchange also jumped by 122.25 points or 2.50 per cent to
5,003.95 from its previous close.
India's exports, however, fell 11.4 per cent to USD 12.5
billion in October, negative for 13th straight month, as
demand in global markets continue to contract.
Investors, however, ignored exports figures as Asian cues
were promising. Hang Seng and Strait Times gaining more than
one per cent. European markets too were firm in their morning
trading. Marketmen said strong industrial output in China
revived hopes of global economic recovery. China's industrial
output rose 16.1 per cent in October, the sixth one in a row.
"Good news in the form of Chinese factory output rising
to a 19-month high in October also fueled Asian stocks, except
Shanghai...Besides, European cues were holding up in the day
which helped the market to retain the momentum later in the
trade," Bonanza Portfolio Assistant V-P Avinash Gupta said.
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