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Dealer’s Diary
The benchmark indices showcased lacklustre performance and recorded thin
turnover as market participation was low from institutional investors, ahead of
the holiday season. Volatility was conspicuous by its absence ahead of F&O
expiry on Thursday. The market opened on a flat note and traded in a narrow
band of 0.3% on either side of the previous close. The trading pattern continued
throughout the session as the market gyrated from the negative to positive
territory alternatively, throughout the session. FMCG, telecom and auto stocks
rose, while capital goods and banking stocks fell. The BSE Sensex and Nifty
ended the session flat with a marginal decline. However, BSE mid-cap and
small-cap indices closed the session with a modest gain of 0.1% and 0.3%,
respectively. Among the front liners, HDFC Bank, Tata Power, RCOM, Wipro
and ITC gained 1–2%, while Tata Motors, ICICI Bank, SBI, RIL and ONGC lost
1–3%. Among mid-caps, United Breweries, HOEC, Manappuram, Motilal
Oswal and United Breweries Holdings gained 6–14%, while Glodyne Tech,
Money Matters, Shree Ashtavinayak, Allcargo and Hathway lost 4–5%.
Markets Today
The trend deciding level for the day is 20033 / 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 20083 -20141 / 6011 - 6025 levels. However, if NIFTY
trades below 20033 / 5996 levels for the first half-an-hour of trade then it may
correct up to 19975 – 19924 / 5982 - 5968 levels.
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