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Dealer’s Diary
The key benchmark indices ended in the green, after three days of consecutive
fall, on account of bargain hunting after the recent steep losses. Intraday
volatility was high throughout the day. The market opened on a flat note but
declined soon after to form a fresh intraday low in mid-morning trade. The
market trimmed losses but soon hit a fresh eight-month low in early afternoon
trade. The market came off the day's low in afternoon trade and extended gains
in mid-afternoon trade as banking and auto shares recovered. The market
surged to hit fresh intraday high in late trade. The Sensex ended the day up by
1.5% and the Nifty closed higher by 1.6%. The mid-cap and small-cap indices
ended higher by 2.9% each. Among the front liners, Jaiprakash Associates,
Reliance Infra, ICICI Bank, L&T and HDFC gained 4–7%, while Hindalco
Industries, Tata Power, Bharti Airtel, Hindustan Unilever and Tata Steel lost 1–
2%. Among mid caps, Gitanjali Gems, JM Financial, Sobha Developers,
Shoppers Stop and UTV Software gained 11–19%, while KGN Industries,
Bombay Dyeing, Parsvnath Developers, AIA Engineering and Shiv Vani Oil lost
4–5%.
Markets Today
The trend deciding level for the day is 17,592/5,269 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,889–18,049/5,360-5,411 levels. However, if NIFTY
trades below 17,592/5,269 levels for the first half-an-hour of trade then it may
correct up to 17,432–17,135/5,219-5,127 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 the green, after three days of consecutive
fall, on account of bargain hunting after the recent steep losses. Intraday
volatility was high throughout the day. The market opened on a flat note but
declined soon after to form a fresh intraday low in mid-morning trade. The
market trimmed losses but soon hit a fresh eight-month low in early afternoon
trade. The market came off the day's low in afternoon trade and extended gains
in mid-afternoon trade as banking and auto shares recovered. The market
surged to hit fresh intraday high in late trade. The Sensex ended the day up by
1.5% and the Nifty closed higher by 1.6%. The mid-cap and small-cap indices
ended higher by 2.9% each. Among the front liners, Jaiprakash Associates,
Reliance Infra, ICICI Bank, L&T and HDFC gained 4–7%, while Hindalco
Industries, Tata Power, Bharti Airtel, Hindustan Unilever and Tata Steel lost 1–
2%. Among mid caps, Gitanjali Gems, JM Financial, Sobha Developers,
Shoppers Stop and UTV Software gained 11–19%, while KGN Industries,
Bombay Dyeing, Parsvnath Developers, AIA Engineering and Shiv Vani Oil lost
4–5%.
Markets Today
The trend deciding level for the day is 17,592/5,269 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,889–18,049/5,360-5,411 levels. However, if NIFTY
trades below 17,592/5,269 levels for the first half-an-hour of trade then it may
correct up to 17,432–17,135/5,219-5,127 levels.
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