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Markets Today
The trend deciding level for the day is 19863 / 5978 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20084 – 20210 / 6052 – 6094 levels. However, if NIFTY
trades below 19863 / 5978 levels for the first half-an-hour of trade then it may
correct up to 19736 – 19515 / 5937 - 5863 levels.
Dealer’s Diary
The market opened on an upbeat note as the key benchmark indices witnessed
a gap-up opening after having tumbled last week, following firm cues from the
Asian region amidst hopes of a bailout of Ireland. The market surged in
mid-morning session as fresh buying emerged and extended gains on the back
of sustained buying interest witnessed in Sensex heavyweights. FMCG and IT
stocks traded higher. After trading firm till midsession, buying activity intensified
in the market, surging the key benchmark indices significantly. The Sensex and
Nifty closed with gains of 1.9% and 2.0%, respectively. The mid-cap and the
small-cap indices also gained 1.3% and 1.5%, respectively. Among the front
liners, Wipro, Jaiprakash Asso., DLF, Tata Motors, HDFC Bank gained 3–4%,
while NTPC, L&T and Sterlite Inds. lost 0.1–0.6%. Among mid caps, Jai Corp.
Ltd., SKumars Nationwide, Manappuram General Finance and Leasing Ltd.,
Gammon Infra and UCO Bank gained 7–16%, while Zuari Inds., Chambal
Fertilisers, RCF, MVL Ltd. and Atlas Copco lost 5–9%.
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