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Markets Today
The trend deciding level for the day is 19374 / 5815 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19673 – 19836 / 5908 - 5959 levels. However, if NIFTY
trades below 19374 / 5815 levels for the first half-an-hour of trade then it may
correct up to 19210 – 18911 / 5764 - 5670 levels.
Dealer’s Diary
The key benchmark indices snapped the three-day fall due to better-thanexpected
industrial output numbers for October along with significant short
covering following the recent sell-off. In morning trade, indices were flat with
positive bias but recovered sharply in early afternoon trade after strong IIP data.
During late afternoon trade, indices extended the rally, further lifting shares
across all sectors and closing near the day’s high, shrugging off lackluster
global cues, with the Sensex and Nifty gaining 1.4% and 1.6%, respectively.
BSE mid-cap and small-cap indices closed gained 2.0% and 2.4%, respectively.
Among the front liners, ICICI Bank, Jaiprakash Associates, Reliance Ind.,
Wipro and Reliance Comm. gained 3–6%, while Bajaj Auto, Bharti Airtel,
Tata Motors, HDFC Bank and Cipla lost 0.5–3%. Among mid caps, KS Oils,
Bayer Corporation, Ruchi Soya, Core Projects and India Infoline gained 9–20%,
while MVL, Money Matters, Shree Ashtavinayak, ARSS Infra Projects and
Spice Jet lost 4–10%.
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