Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices came off lows soon after an initial slide caused by
weak Asian stocks, as crude oil prices extended Thursday's losses. However, the
market slipped into the red after an intraday recovery pushed the market into
the green for a brief period. Volatility ruled the roost as the market once again
faltered in mid-morning trade, as reports of Japan earthquake offset data,
showing better-than-expected industrial production growth in India in January
2011. The market slumped in early afternoon trade. Finally, the market ended
on a subdued note with the Sensex and Nifty closing down by 0.8% and 0.7%,
respectively. The mid-cap and small-cap indices also closed in line, with the
broader market ending lower by 1.1% each. Among the front liners, ONGC,
RIL, Tata Power, HUL and ITC gained 0–2%, while BHEL, RCOM, Reliance Infra,
Sterlite and JP Associates lost 3–4%. Among mid caps, Alfa Laval, Atlas Copco,
Kirloskar Oil Engines, Indian Metals & Ferro Alloys and Tata Global Beverages
gained 5–14%, while Shree Global Traders, Hathway Cables, Educomp,
Simplex Infra and Sintex lost 5–17%.
Markets Today
The trend deciding level for the day is 18,202/5,453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,341–18,507/5,495-5,544 levels. However, if NIFTY
trades below 18,202/5,453 levels for the first half-an-hour of trade then it may
correct up to 18,035–17,897/5,404–5,362 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices came off lows soon after an initial slide caused by
weak Asian stocks, as crude oil prices extended Thursday's losses. However, the
market slipped into the red after an intraday recovery pushed the market into
the green for a brief period. Volatility ruled the roost as the market once again
faltered in mid-morning trade, as reports of Japan earthquake offset data,
showing better-than-expected industrial production growth in India in January
2011. The market slumped in early afternoon trade. Finally, the market ended
on a subdued note with the Sensex and Nifty closing down by 0.8% and 0.7%,
respectively. The mid-cap and small-cap indices also closed in line, with the
broader market ending lower by 1.1% each. Among the front liners, ONGC,
RIL, Tata Power, HUL and ITC gained 0–2%, while BHEL, RCOM, Reliance Infra,
Sterlite and JP Associates lost 3–4%. Among mid caps, Alfa Laval, Atlas Copco,
Kirloskar Oil Engines, Indian Metals & Ferro Alloys and Tata Global Beverages
gained 5–14%, while Shree Global Traders, Hathway Cables, Educomp,
Simplex Infra and Sintex lost 5–17%.
Markets Today
The trend deciding level for the day is 18,202/5,453 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,341–18,507/5,495-5,544 levels. However, if NIFTY
trades below 18,202/5,453 levels for the first half-an-hour of trade then it may
correct up to 18,035–17,897/5,404–5,362 levels.
No comments:
Post a Comment