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Markets Today
The trend deciding level for the day is 20,372/6,099 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20,501-20,700/6,136–6,192 levels. However, if NIFTY
trades below 20,372/6,099 levels for the first half-an-hour of trade then it may
correct up to 20,173–20,044/6,043-6,006 levels.
Dealer’s Diary
For the second straight session yesterday, markets extended losses with the
European stocks and the US index futures declining. In early trades, markets
traded lacklustre on weak Asian stocks and remained weak towards midmorning
as well. In the afternoon, the benchmark indices slumped to hit fresh
intraday lows with the Interest-rates sensitive sectors like banking, auto and
realty stocks declining sharply. However, in late trades some losses were
trimmed and the benchmarks, the Sensex and Nifty, ended the session lower by
1.0% and 1.1%, respectively. The mid-cap index ended 1.3% lower, while the
small-cap index declined in line with the Sensex and ended 1.0% lower. Among
the front-liners, HUL, ITC, Hindalco, TCS and Tata Power gained 1–2%, while
Bajaj Auto, Hero Honda, DLF, ICICI Bank and RCOM lost 3–4%. Among the
mid-caps, Jindal Saw, KGN, Jain Irrigation, Gujarat Fluorochem and Shriram
City Union gained 3–7%, while RCF, Anant Raj Inds, Sadbhav Engineering,
Shree Ashtavinayak Cine Vision and GSFC lost 5–6%.
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