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Dealer’s Diary
The key benchmark indices came off lows in early trade after select Asian
markets turned positive. The market extended gains in morning trade and came
off highs in mid-morning trade. The key benchmark indices were in the negative
zone after oscillating between the positive and negative terrain in early
afternoon trade. The market pared gains after regaining the positive terrain in
afternoon trade. However, the last couple of hours saw an increase in selling
pressure, which led to the indices closing deep in red amid weakness across
most sectors. The Sensex and Nifty closed down by 0.6% each. The mid-cap
and small-cap indices ended lower by 0.7% and 0.3%, respectively. Among the
front liners, Reliance Infrastructure Hero Honda, Reliance Comm., Reliance
Industries and HDFC gained 6–20%, while SBI, DLF, Tata Power, Jaiprakash
Associates and Infosys lost 2–4%. Among mid caps, State Bank of Bikaner and
Jaipur, State Bank of Mysore, Man Infra, State Bank of Travancore and Kansai
Nerolac gained 3–18%, while Radico Khaitan, Aurobindo Pharma, Gitanjali
Gems, Punj Lloyd and PTC India lost 5–9%.
Markets Today
The trend deciding level for the day is 18,235/5,453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,321–18,463/5,479–5,521 levels. However, if NIFTY
trades below 18,235/ 5,453 levels for the first half-an-hour of trade then it may
correct up to 18,093–18,008/5,412–5,386 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices came off lows in early trade after select Asian
markets turned positive. The market extended gains in morning trade and came
off highs in mid-morning trade. The key benchmark indices were in the negative
zone after oscillating between the positive and negative terrain in early
afternoon trade. The market pared gains after regaining the positive terrain in
afternoon trade. However, the last couple of hours saw an increase in selling
pressure, which led to the indices closing deep in red amid weakness across
most sectors. The Sensex and Nifty closed down by 0.6% each. The mid-cap
and small-cap indices ended lower by 0.7% and 0.3%, respectively. Among the
front liners, Reliance Infrastructure Hero Honda, Reliance Comm., Reliance
Industries and HDFC gained 6–20%, while SBI, DLF, Tata Power, Jaiprakash
Associates and Infosys lost 2–4%. Among mid caps, State Bank of Bikaner and
Jaipur, State Bank of Mysore, Man Infra, State Bank of Travancore and Kansai
Nerolac gained 3–18%, while Radico Khaitan, Aurobindo Pharma, Gitanjali
Gems, Punj Lloyd and PTC India lost 5–9%.
Markets Today
The trend deciding level for the day is 18,235/5,453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,321–18,463/5,479–5,521 levels. However, if NIFTY
trades below 18,235/ 5,453 levels for the first half-an-hour of trade then it may
correct up to 18,093–18,008/5,412–5,386 levels.
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