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Dealer’s Diary
The key benchmark indices opened the day's session on a weak note as the
benchmark indices witnessed volatile movements across the baseline, following
mixed cues from the Asian region. The market recovered from an initial slide
caused by weak Asian stocks, but failed to sustain its higher level in the morning
trade. The market plunged in the afternoon trade with selling pressure seen
across metal, banking and oil & gas stocks. The final hour witnessed a smart
recovery as the benchmarks surpassed the baseline; however, the rally did not
sustain and the market once again dipped in the negative terrain at the end of
the trading session. The Sensex and Nifty lost 0.4% each. BSE mid-cap lost
0.4%, while small-cap closed with a gain of 0.2%. Among the front liners,
Maruti Suzuki, ITC, Jaiprakash Associates, Reliance Infra. and DLF gained 0.8–
4%. Among the top losers, Tata Steel, Bharti Airtel, HUL, SBI and RCOM lost 2–
3%. Among mid caps, Dena Bank, Info Edge, Deccan Chronicle, Raymonds
and SKF India gained 4–9%, while United Phosphorous, Mahindra Holiday and
Resorts India, Onmobile Global, Zuari Industries and Core Projects lost 4–7%.
Markets Today
The trend deciding level for the day is 20252 / 6094 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20314 – 20407 / 6114 - 6146 levels. However, if NIFTY
trades below 20252 / 6094 levels for the first half-an-hour of trade then it may
correct up to 20159 – 20096 / 6062 - 6043 levels.
Economic and Political News
No plan to put any cap on FII: Mukherjee
Govt. plans to bring urea under NBS
Mobile number portability from November 1
Corporate News
SC cancels bail to Ramalinga Raju in Satyam case
Arcelor Mittal looks to set up plant in JV with Uttam Galva
Power Fin. Corp. to raise US $260 mn foreign loans-head
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
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