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Dealer’s Diary
The key benchmark indices slipped for the fifth straight session on the back of
apprehensions of slower corporate earnings, higher crude prices and
geopolitical instability emanating from the Egypt crisis. The indices slipped in
red within minutes of a positive opening and continued to slide down for the
morning session. The market seemed to stabilise as it traded in a narrow band
for the afternoon session. However, it again moved down swiftly at the onset of
the end-session and witnessed high volatility before closing near the day’s lows.
The Sensex and Nifty ended the day with losses of 1.7% and 1.6%, respectively.
The mid-cap and small-cap indices also closed lower by 1.6% and 1.4%,
respectively. Among the front liners, Sterlite, HDFC and Hindalco gained 0–1%,
while Tata Motors, Jindal Steel, JP Associates and RCOM lost 4–7%. Among mid
caps, Shree Global Trading, Novartis, Apollo Tyres, GSFC and Fortis Health
gained 4–17%, while Jain Irrigation, SpiceJet, Escorts, Jet Air India and
Techno Elec. lost 9–17%.
Markets Today
The trend deciding level for the day is 18152/5453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18322 - 18622/5504 - 5590 levels. However, if NIFTY trades
below 18152/5453 levels for the first half-an-hour of trade then it may correct
up to 17852 - 17682/5366 - 5316 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices slipped for the fifth straight session on the back of
apprehensions of slower corporate earnings, higher crude prices and
geopolitical instability emanating from the Egypt crisis. The indices slipped in
red within minutes of a positive opening and continued to slide down for the
morning session. The market seemed to stabilise as it traded in a narrow band
for the afternoon session. However, it again moved down swiftly at the onset of
the end-session and witnessed high volatility before closing near the day’s lows.
The Sensex and Nifty ended the day with losses of 1.7% and 1.6%, respectively.
The mid-cap and small-cap indices also closed lower by 1.6% and 1.4%,
respectively. Among the front liners, Sterlite, HDFC and Hindalco gained 0–1%,
while Tata Motors, Jindal Steel, JP Associates and RCOM lost 4–7%. Among mid
caps, Shree Global Trading, Novartis, Apollo Tyres, GSFC and Fortis Health
gained 4–17%, while Jain Irrigation, SpiceJet, Escorts, Jet Air India and
Techno Elec. lost 9–17%.
Markets Today
The trend deciding level for the day is 18152/5453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18322 - 18622/5504 - 5590 levels. However, if NIFTY trades
below 18152/5453 levels for the first half-an-hour of trade then it may correct
up to 17852 - 17682/5366 - 5316 levels.
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