India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Markets Today
The trend deciding level for the day is 18894/5658 levels. If Nifty trades above
this level during the first half-an-hour of trade then we may witness a further
rally up to 19008-19133/5693-5730 levels. However, if Nifty trades below
18894/5658 levels for the first half-an-hour of trade then it may correct up to
18768-18654/5621-5586 levels.
Dealer’s Diary
The key benchmark indices opened Monday’s session on a positive note but
reversed initial gains to hit their lowest level in more than four months, tracking
weak Asian stocks. The market regained strength after moving between the
positive and negative terrains in mid-morning trade. It pared gains in early
afternoon trade, but volatility ruled the roost as the key benchmark indices
regained the positive terrain after slipping into the red for a brief period in midafternoon
trade. The market ended marginally higher amid a highly volatile
trade, coming off its four-month lows, though the sustained bout of selling
pressure witnessed on the rise indicated that the underlying sentiments remain
wounded following the radical rise in inflation with the Sensex ending merely
0.1% higher and the Nifty ending flat. The mid-cap as well as small-cap indices
each closed 1.4% down. Among the front liners, HDFC, Infosys, Cipla, TCS and
Bajaj Auto gained 1.5–3%, while Reliance Infrastructure, Jaiprakash Associates,
Reliance Communications, Sterlite Industries and DLF lost 3–8%. Among mid
caps, Gitanjali Gems, BOC India, Shree Asthavinayak, Sanwaria Agro Oils and
Core Projects and Technologies gained 2–8%, while Jindal Poly Films, Jindal
South West Holdings, Glenmark Pharma, Man Infraconstruction and Sterlite
Technologies fell 5–8%.
No comments:
Post a Comment