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Markets Today
The trend deciding level for the day is 19998/6007 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20079 - 20165/6034 - 6056 levels. However, if NIFTY trades
below 19998/6007 levels for the first half-an-hour of trade then it may correct
up to 19912 - 19832/5985 - 5958 levels.
Dealer’s Diary
The market belled the trading session on a strong footing as the key benchmark
indices witnessed a gap-up opening, following positive global cues.
The optimism over the global economic recovery buoyed by robust global
economic data boosted investor sentiment in the domestic markets. However,
the indices pared some of the opening gains as profit booking emerged at
higher levels and continued to trade in a narrow range thereafter. The positive
opening for European markets had a very little impact on the domestic market
as it traded sideways. The indices inched higher in late afternoon trade, led by
gains in the index heavyweight Reliance Industries. Finally, the market ended on
a positive note as the Sensex and Nifty ended with gains of 0.7% and 0.9%,
respectively. BSE mid-cap and small-cap indices closed with gains of 1.1%
each. Among the front liners, RCOM, Sterlite Ind., Wipro, Tata Motors and
Hindalco gained 2–4%, while Hero Honda, NTPC, Mahindra & Mahindra,
Bharti Airtel and JP Associates lost 1–8%. Among mid caps,
Gujarat Fluorochemicals, Raymond, Man Infra, Dishman Pharma and ARSS
Infra gained 8–18%, while Shree Ashtavinayak, Money Matters, MVL, IRB Infra
and Hathway Cable lost 3–10%.
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