Can mkts test new highs before New Year?

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Market Round Up from Moneycontrol: More stock news. More stock advice.       Top News REL to raise Rs 8K cr via pref issue The Reliance Energy board has approved equity infusion of up to Rs 8000 crore from the Anil Dhirubhai Ambani group. The promoters have taken the stake at Rs 1,812 per share. Post the infusion, the promoters stake will increase to 46% from 35%... Markets can retest new highs by Dec-end: First Global First Global's Shankar Sharma has been negative on the global scenario for over 2 months. He added that India is still in a bull market and it's unrealistic to expect a 30% correction... Risk of US recession has increased: LGT Bank Hans Goetti, CIO OF LGT Bank said that the risk of US recession has increased. He believes that if the credit crisis spills over, Malaysia and Singpore will be worst affected... Rupee may depreciate in short-term: Axis Bank RVS Sridhar, Senior VP Treasury, Axis Bank, sees a trend for rupee to depreciate in the short-term. "At about 40-45 to a dollar, there should be enough buyers coming back in the market."...       Stock in News Mid-Day Multimedia plans to launch 3 more radio stations 4 bidders have carried out due diligence: IFCI Board Sintex Ind arm acquires US-based Nero Plastics More Stocks : Essar Oil | Tata Power | SAIL | Gujarat NRE | Hindalco | Dabur India | Click For More       Stock Advice Buy JSW Steel; target of Rs 2437: India Infoline Buy Shree Cement; target of Rs 1792: KJMC Buy Gitanjali Gems; target of Rs 521: HDFC Securities More Stocks : Maruti | IDFC | Federal Bank | Sterlite Ind | TCS | Deccan Chro | Click For More       IPO Corner Emaar MGF plans to raise $ 1.7 bn via IPO M&M to launch Club Mahindra IPO early next year Man Industries plans IPO of real estate arm Click For More   Indian Markets 03-12-2007     Sensex 19603.41 240.22     Nifty   5865.00 102.25      Asian Markets 03-12-2007     Nikkei 225 15628.97 -51.70     KOSPI 1902.43 -3.57     Taiwan 8583.84 -2.56     Straits Times 3521.56 0.29     Hang Seng 28658.42 14.81     Market Interviews BNP Asset Mgmt +ve on banks, BFSIs, real estate Bullish on construction, realty: Bharti AXA Life Ins M&M doesn't forsee great growth in auto sales   Market Analysis Can Jhunjhunwala's stake in Rishi Laser go up to 14.6%? What's feeding Reliance Petro, Essar Oil? Sebi amends debt issuance norms for companies   Stock Videos Buy Sanghvi Movers, says P Phani Sekhar   Hold Arvind Mills, says Bhambwani   Buy Ceat, says Sethi   Arvind Mills can double in a year: Sethi   Reliance Energy looks good for long term: PN Vijay   Best return on your money! Tell us how much you want to invest. We'll tell you what to buy! Absolutely Free! Team easyMF.com Advt

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