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Markets Today
The trend deciding level for the day is 19753/5929 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19884–19969/5969–5994 levels. However, if NIFTY trades
below 19753/5929 levels for the first half-an-hour of trade then it may correct
up to 19668–19536/5904–5864 levels.
Dealer’s Diary
The key benchmark indices retreated immediately after the positive start and
recovered from the day's low to regain the positive zone in morning trade. The
market swung between gains and losses in mid-morning trade and extended
gains to hit fresh intraday highs as near-term rate hike worries subsided after
data showed that inflation eased in November, at 7.48%. Market cut gains in
afternoon trade. It held firm in range-bound trade in mid-afternoon trade, but
trimmed gains after hitting fresh intraday highs in late trade, with the Sensex
and Nifty closing up by 0.5% and 0.6%, respectively. BSE mid-cap and
small-cap indices closed up by 1.5% and 1.6%, respectively. Among the front
liners, Sterlite Industries, Reliance Infra, Tata Steel, Tata Motors and SBI gained
1–4%, while Hero Honda, Jindal Steel, Mahindra & Mahindra, Hindustan
Unilever and Maruti Suzuki lost 0–3%. Among mid caps, Prakash Industries,
Financial Technologies, Hindustan Oil, Glodyne Technoserve and Gujarat State
Fertilizers gained 6–11%, while Money Matters, Shree Ashtavinayak,
KGN Industries, Gujarat NRE Coke and Mahindra Lifespaces lost 1–5%.
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