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Dealer’s Diary
The trading session was marked with high volatility as the market swung
between gains and losses. The BSE Sensex struck the day's high above the
psychological 18,000 mark at the onset of the trading session but soon slipped
into red as oil prices surged amid air strikes in Libya. The market came off lows
later and regained the positive zone in mid-morning trade amid signs of
stabilisation at the Fukushima Daichi nuclear power in quake-hit Japan. The
market stayed in the green zone for most of the early afternoon trade as index
heavyweight RIL turned positive and European markets opened in the positive.
However, the key benchmark indices once again turned negative in late trade
as rally in crude oil prices stoked inflation worries and finally ended in red. The
Sensex and Nifty closed with losses of 0.2% each, while the mid-cap and smallcap indices closed with losses of 0.3% each. Among the front liners, Jindal
Steel, M&M, Sterlite Inds, HDFC and Tata Steel gained 1–2%, while Hindalco
Inds, Hero Honda, Maruti Suzuki, Cipla and Wipro lost 2–3%. Among mid
caps, Kansai Nerolac, HOEC, Sun Pharma, Akzo India and Monsato India
gained 7–9%, while Gujarat Gas, MVL, KGN Inds, SBBJ and Shree
Ashtavinayak lost 4–6%.
Markets Today
The trend deciding level for the day is 17,947/5,374 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,103–18,367/5,404–5,443 levels. However, if NIFTY
trades below 17,947/5,374 levels for the first half-an-hour of trade then it may
correct up to 17,684–17,528/5,334–5,305 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The trading session was marked with high volatility as the market swung
between gains and losses. The BSE Sensex struck the day's high above the
psychological 18,000 mark at the onset of the trading session but soon slipped
into red as oil prices surged amid air strikes in Libya. The market came off lows
later and regained the positive zone in mid-morning trade amid signs of
stabilisation at the Fukushima Daichi nuclear power in quake-hit Japan. The
market stayed in the green zone for most of the early afternoon trade as index
heavyweight RIL turned positive and European markets opened in the positive.
However, the key benchmark indices once again turned negative in late trade
as rally in crude oil prices stoked inflation worries and finally ended in red. The
Sensex and Nifty closed with losses of 0.2% each, while the mid-cap and smallcap indices closed with losses of 0.3% each. Among the front liners, Jindal
Steel, M&M, Sterlite Inds, HDFC and Tata Steel gained 1–2%, while Hindalco
Inds, Hero Honda, Maruti Suzuki, Cipla and Wipro lost 2–3%. Among mid
caps, Kansai Nerolac, HOEC, Sun Pharma, Akzo India and Monsato India
gained 7–9%, while Gujarat Gas, MVL, KGN Inds, SBBJ and Shree
Ashtavinayak lost 4–6%.
Markets Today
The trend deciding level for the day is 17,947/5,374 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,103–18,367/5,404–5,443 levels. However, if NIFTY
trades below 17,947/5,374 levels for the first half-an-hour of trade then it may
correct up to 17,684–17,528/5,334–5,305 levels.
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