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Markets Today
The trend deciding level for the day is 19749/5926 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19988 - 20126/6006 - 6051 levels. However, if NIFTY trades
below 19749/5926 levels for the first half-an-hour of trade then it may correct
up to 19612 - 19373/5881 - 5802 levels.
Dealer’s Diary
The market opened the day on a positive note as the key benchmark indices
traded in the green, despite weakness across global markets. The sentiment in
the domestic market remained positive on the back of strong GDP data, which
was reported yesterday. The market continued to trade in green and gradually
inched higher on the back of substantial buying across sectors. Further, the
positive opening for European markets supported the optimism in Indian
markets. Finally, the market ended on a robust note with a third straight session
of gains, as the Sensex and Nifty ended with gains of 1.7% each, respectively.
BSE mid-cap and small-cap indices, however, outperformed the broader
market, closing with gains of 2.8% and 3.1%, respectively. Among the front
liners, Cipla, Tata Steel, Mahindra & Mahindra (M&M), Tata Motors and L&T
gained 4–6%, while Bharti Airtel, Hero Honda, Wipro, Maruti Suzuki and
Hindustan Unilever lost 0–3%. Among mid caps, Kalpataru Power, HMT, Punj
Lloyd, Bhushan Steel and IVRCL Infrastructure gained 9–14%, while Shree
Ashtavinayak, Money Matters, Rajesh Exports, Himadri Chemicals
and P&G lost 2–10%.
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