Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The Indian indices, after a gap-up opening, soon slipped in red amidst global
weakness, as investors remained cautious about the quantum of quantitative
easing by the Federal Reserve at a policy meeting in early November 2010.
However, the Indian indices managed to trade in a narrow range near their
previous day’s close until the afternoon session. The final session witnessed
extreme volatility as markets fell sharply to the day’s lows before strong
2QFY2011 results by index heavyweight ICICI Bank helped it soar higher and
take indices in green. The Sensex and Nifty ended the session with gains of
0.5% each. BSE mid-cap and small-cap indices sharply underperformed the
benchmark indices, closing with losses of 0.9% and 1.5%, respectively. Among
the front liners, ICICI Bank, ITC, Maruti, RIL, L&T and Jindal Steel gained 1–7%
while Hindalco, Tata Motors, Tata Steel, RInfra and Hero Honda lost 2–3%.
Among mid caps, Glenmark Pharma, Madras Cements, M&M Finance,
Gammon India and Honeywell Auto gained 3–7%, while Tata Chemicals, MVL,
Financial Technologies, Monsanto and Allcargo lost 6–9%.
Markets Today
The trend deciding level for the day is 19961 / 5996 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20152 – 20272 / 6055 - 6091 levels. However, if NIFTY
trades below 19961 / 5996 levels for the first half-an-hour of trade then it may
correct up to 19841 – 19649 / 5959 - 5900 levels
Economic and Political News
Govt. to relieve `3,000cr more to PSU oil retailers
Food security to cost `72,000cr
RBI temporarily eased SLR requirement for banks as call surged to more than 12%
RBI may raise policy rates to rein in inflation: FICCI
Corporate News
Wipro wins five-year IT services contract in UK
Tata Nano gets costlier by `9,000
Norway offers ONGC a stake in US $1bn carbon capture storage project of Statoil
GSPC-IOC, HPCL, BPCL consortium set to win `18,000cr of gas pipeline bids
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
No comments:
Post a Comment