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Dealer’s Diary
The market edged higher in early trade as a decline in crude oil prices helped
ease inflation worries and pared gains after striking a fresh intraday high in
morning trade. The key benchmark indices pared gains in early afternoon as
headline inflation in February 2011 came above market expectations and held
the positive zone in afternoon trade. The market surged to head closer to the
day's high in mid-afternoon trade and rallied to the day's high in late trade.
Finally, the Sensex and Nifty closed up by 1.5% and 1.6%, respectively. The
mid-cap and small-cap indices also closed in line, with the broader market
ending lower by 0.5% and 0.3%, respectively. Among the front liners, RCOM,
Tata Power, Reliance Infra, Tata Steel and Jaiprakash Associates gained 3–4%,
while Bharti Airtel, Hindustan Unilever, ONGC and Hero Honda lost 0–1%.
Among mid caps, Atlas Copco, MRF, Kirloskar Oil Engines, Jet Air India and
Alfa Laval gained 6–15%, while Shree Global Traders, KGN Inds, Wockhardt,
Indian Met and GSFC lost 3–13%.
Markets Today
The trend deciding level for the day is 18,353/5,501 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,550–18,661/5,568–5,604 levels. However, if NIFTY
trades below 18,353/5,501 levels for the first half-an-hour of trade then it may
correct up to 18,242–18,045/5,465–5,398 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged higher in early trade as a decline in crude oil prices helped
ease inflation worries and pared gains after striking a fresh intraday high in
morning trade. The key benchmark indices pared gains in early afternoon as
headline inflation in February 2011 came above market expectations and held
the positive zone in afternoon trade. The market surged to head closer to the
day's high in mid-afternoon trade and rallied to the day's high in late trade.
Finally, the Sensex and Nifty closed up by 1.5% and 1.6%, respectively. The
mid-cap and small-cap indices also closed in line, with the broader market
ending lower by 0.5% and 0.3%, respectively. Among the front liners, RCOM,
Tata Power, Reliance Infra, Tata Steel and Jaiprakash Associates gained 3–4%,
while Bharti Airtel, Hindustan Unilever, ONGC and Hero Honda lost 0–1%.
Among mid caps, Atlas Copco, MRF, Kirloskar Oil Engines, Jet Air India and
Alfa Laval gained 6–15%, while Shree Global Traders, KGN Inds, Wockhardt,
Indian Met and GSFC lost 3–13%.
Markets Today
The trend deciding level for the day is 18,353/5,501 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,550–18,661/5,568–5,604 levels. However, if NIFTY
trades below 18,353/5,501 levels for the first half-an-hour of trade then it may
correct up to 18,242–18,045/5,465–5,398 levels.
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