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Dealer’s Diary
The key benchmark indices witnessed another ignominious session on account
of lingering concerns on the inflation front, surge in crude oil prices and the
deteriorating situation in Egypt. To start with, the indices had a subdued
opening due to mixed cues from US markets. However, the markets moved into
the positive zone in mid-morning trade due to rising Asian stocks, but it soon
slipped into red. In the afternoon trade, indices extended their losses. Further
frenzied selling in late trade pulled the key benchmark indices to their lowest
level in more than five months. The Sensex and Nifty ended the day down by
2.4% each. The mid-cap and small-cap indices lost less than the benchmark
indices, registering losses of 1.4% and 1.6%, respectively. Among the front
liners, Bajaj Auto was the sole scrip that gained 1.3%, while M&M, ITC, Reliance
Infra, Tata Power and Hindalco Inds lost between 4–5%. Among mid caps,
Jain Irrigation, HMT, Blue Star, S Kumar Nation and Peninsula Land gained
4–9%, while SpiceJet, Kingfisher Airlines, Nava Bharat Ventures, Man Infra and
Raymond lost 8–13%.
Markets Today
The trend deciding level for the day is 18,159/5,440 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,391–18,774/5,512-5,628 levels. However, if NIFTY
trades below 18,159/5,440 levels for the first half-an-hour of trade then it may
correct up to 17,776-17,544/5,324-5,253 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices witnessed another ignominious session on account
of lingering concerns on the inflation front, surge in crude oil prices and the
deteriorating situation in Egypt. To start with, the indices had a subdued
opening due to mixed cues from US markets. However, the markets moved into
the positive zone in mid-morning trade due to rising Asian stocks, but it soon
slipped into red. In the afternoon trade, indices extended their losses. Further
frenzied selling in late trade pulled the key benchmark indices to their lowest
level in more than five months. The Sensex and Nifty ended the day down by
2.4% each. The mid-cap and small-cap indices lost less than the benchmark
indices, registering losses of 1.4% and 1.6%, respectively. Among the front
liners, Bajaj Auto was the sole scrip that gained 1.3%, while M&M, ITC, Reliance
Infra, Tata Power and Hindalco Inds lost between 4–5%. Among mid caps,
Jain Irrigation, HMT, Blue Star, S Kumar Nation and Peninsula Land gained
4–9%, while SpiceJet, Kingfisher Airlines, Nava Bharat Ventures, Man Infra and
Raymond lost 8–13%.
Markets Today
The trend deciding level for the day is 18,159/5,440 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,391–18,774/5,512-5,628 levels. However, if NIFTY
trades below 18,159/5,440 levels for the first half-an-hour of trade then it may
correct up to 17,776-17,544/5,324-5,253 levels
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