Walstreet Today : March 24,2008

Source : CNN

Markets gained second continous day from where it left off on last thursday.Dow closed the day with 187 points up, gaining 1.52 in percentage terms. NASDAQ and S&P also up today with similar reasons as that of DOW on account of improved offer of JP Morgans.

Triggers :
1.JP morgans improved offer for Bear Stearns, raised from 2$ to 10$
2.Higher home sales in Feb compared to January
3.Walgreen's quarterly earning's above market estimates
4.Crude fell 98 cents to settle at $100.86 per barrel
5.Dollar gain versus euro and yen


Impact on India : With positive news coming from US, Indian Markets should open up with a positive gap. Banking,Financials and Realty are the sectors to watch today along with some metal stocks. The market should close above 4700 by end of closing bell on March 25,2008