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Dealer’s Diary
The key benchmark indices ended in red, falling for the third straight day on
weak global cues. Volatility was high throughout the day. The market trimmed
initial losses but soon hit fresh intraday lows in morning trade. The market hit a
fresh seven-month low in mid-morning trade but recovered soon after. This
recovery was also short-lived as the market weakened once again. Volatility
continued as the market came off lows in afternoon trade. Auto and banking
stocks led a sharp recovery as the key benchmark indices erased all the intraday
losses to turn positive for a brief period in mid-afternoon trade. The key
benchmark indices then declined again to end the day in red. The Sensex
ended the day down by 0.7%, while the Nifty closed lower by 0.5%. The midcap
and small-cap indices closed lower by 0.1% and 0.9%, respectively. Among
the front liners, Reliance Infra, Jaiprakash Associates, Tata Motors, Reliance
Communications and DLF gained 1–9%, while SBI, Bharti Airtel, Sterlite
Industries, BHEL and Infosys lost between 2–4%. Among mid caps, OnMobile
Global, Jain Irrigation, Sterling Intl, Jyothy Lab and United Bank gained 7–16%,
while Parsvnath Developers, IL&FS Transportation, Sunteck Realty, Honeywell
Auto and Indian Hotels lost 8–15%.
Markets Today
The trend deciding level for the day is 17,488/5,232 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,612–17,762/5,267-5,308 levels. However, if NIFTY
trades below 17,488/5,232 levels for the first half-an-hour of trade then it may
correct up to 17,338–17,213/5,191-5,156 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� �
Dealer’s Diary
The key benchmark indices ended in red, falling for the third straight day on
weak global cues. Volatility was high throughout the day. The market trimmed
initial losses but soon hit fresh intraday lows in morning trade. The market hit a
fresh seven-month low in mid-morning trade but recovered soon after. This
recovery was also short-lived as the market weakened once again. Volatility
continued as the market came off lows in afternoon trade. Auto and banking
stocks led a sharp recovery as the key benchmark indices erased all the intraday
losses to turn positive for a brief period in mid-afternoon trade. The key
benchmark indices then declined again to end the day in red. The Sensex
ended the day down by 0.7%, while the Nifty closed lower by 0.5%. The midcap
and small-cap indices closed lower by 0.1% and 0.9%, respectively. Among
the front liners, Reliance Infra, Jaiprakash Associates, Tata Motors, Reliance
Communications and DLF gained 1–9%, while SBI, Bharti Airtel, Sterlite
Industries, BHEL and Infosys lost between 2–4%. Among mid caps, OnMobile
Global, Jain Irrigation, Sterling Intl, Jyothy Lab and United Bank gained 7–16%,
while Parsvnath Developers, IL&FS Transportation, Sunteck Realty, Honeywell
Auto and Indian Hotels lost 8–15%.
Markets Today
The trend deciding level for the day is 17,488/5,232 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,612–17,762/5,267-5,308 levels. However, if NIFTY
trades below 17,488/5,232 levels for the first half-an-hour of trade then it may
correct up to 17,338–17,213/5,191-5,156 levels
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