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Dealer’s Diary
The key benchmark indices edged opened on a positive note, triggered by
favourable economic data in the US. A bout of volatility was witnessed in early
trade and the indices slipped into red. The market moved between the positive
and negative zone in the morning session. After gathering some steam in early
afternoon trade, the market mildly recovered and moved above the baseline for
a brief period. However, the indices retreated amid macroeconomic worries
arising from high global crude oil prices. With thin sell-off in late trade, the
market ended in red. The Sensex and Nifty lost 0.2% and 0.1%, respectively.
BSE mid-cap and small-cap also lost 0.2% and 0.1%, respectively. Among the
front runners, NTPC, Sterlite Inds., Infosys, HDFC Bank and HDFC gained
around 1–2%, while Hindalco, Tata Steel, DLF, Tata Motors and L&T lost 1–2%.
Among mid caps, Berger Paints, Simplex Infra., Sintex Inds., MVL Ltd. and Man
Infra Cons. gained 5–7%, while EID Parry, Coromandel Intl., Money Matters
Fin. Services, Shree Ashtavinayak Cine Vision and ICI India lost 4–5%.
Markets Today
The trend deciding level for the day is 19999 / 5984 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20060 – 20136 / 6003 - 6026 levels. However, if NIFTY
trades below 19999 / 5984 levels for the first half-an-
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