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Dealer’s Diary
The key benchmark indices started on a positive note but slipped into red for a
brief period and entered the positive zone soon in a volatile session. The market
slipped into red once again to hit fresh intraday low. Volatility continued in
mid-morning trade as indices alternatively swung between the positive and
negative terrain. The market cut losses after hitting fresh intraday low in early
afternoon trade. The market slipped into red once again after recovering
sharply from the day's low to trade in green for a brief period in mid-afternoon
trade. The key benchmark indices surged amid high intraday volatility after the
government agreed to the opposition parties' demand for setting up a JPC to
investigate the 2G spectrum scam, with the Sensex and Nifty ending up by 1.3%
and 1.1%, respectively. The mid-cap index ended flat, while the small-cap index
ended lower by 0.1%. Among the front liners, TCS, Wipro, Sterlite Industries,
ONGC and Jaiprakash Associates gained 3–4%, while Tata Motors, Hero
Honda, Maruti Suzuki, NTPC and Tata Power lost 1–3%. Among mid caps,
Gujarat Pipavav, A2Z Maintenance and Engineering, Petronet LNG, National
Fertilizers and MVL gained 5–7%, while Nava Bharat Ventures, EIH, OnMobile
Global, Kingfisher Airlines and Coromandel International lost 5–8%.
Markets Today
The trend deciding level for the day is 18,326/5,486 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,570–18,701/5,559–5,599 levels. However, if NIFTY
trades below 18326/5486 levels for the first half-an-hour of trade then it may
correct up to 18,195–17,951/5,446–5,373 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices started on a positive note but slipped into red for a
brief period and entered the positive zone soon in a volatile session. The market
slipped into red once again to hit fresh intraday low. Volatility continued in
mid-morning trade as indices alternatively swung between the positive and
negative terrain. The market cut losses after hitting fresh intraday low in early
afternoon trade. The market slipped into red once again after recovering
sharply from the day's low to trade in green for a brief period in mid-afternoon
trade. The key benchmark indices surged amid high intraday volatility after the
government agreed to the opposition parties' demand for setting up a JPC to
investigate the 2G spectrum scam, with the Sensex and Nifty ending up by 1.3%
and 1.1%, respectively. The mid-cap index ended flat, while the small-cap index
ended lower by 0.1%. Among the front liners, TCS, Wipro, Sterlite Industries,
ONGC and Jaiprakash Associates gained 3–4%, while Tata Motors, Hero
Honda, Maruti Suzuki, NTPC and Tata Power lost 1–3%. Among mid caps,
Gujarat Pipavav, A2Z Maintenance and Engineering, Petronet LNG, National
Fertilizers and MVL gained 5–7%, while Nava Bharat Ventures, EIH, OnMobile
Global, Kingfisher Airlines and Coromandel International lost 5–8%.
Markets Today
The trend deciding level for the day is 18,326/5,486 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,570–18,701/5,559–5,599 levels. However, if NIFTY
trades below 18326/5486 levels for the first half-an-hour of trade then it may
correct up to 18,195–17,951/5,446–5,373 levels.
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