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Dealer’s Diary
The key benchmark indices opened in green on the back of positive cues from
Asian indices and data showing easing of food inflation. The conflicting news of
acceptance of peace plan and bombing of oil assets in Libya resulted in higher
volatility throughout the day. The market gave up its opening gains by the end
of the afternoon session with intermittent attempts of pull-back, which proved
futile. However, the market rebounded from being flat at the start of endsession,
but soon witnessed a sharp sell-off to slip in the negative before late
buying helped indices close marginally in green. The Sensex and Nifty closed
flat for the day. The mid-cap and small-cap indices also closed with marginal
losses of 0.1% and 0.3%, respectively. Among the front liners, Tata Power, Hero
Honda, Bajaj Auto, HDFC and Reliance Infra gained 1–2%, while L&T, JP
Associates, BHEL, TCS and Bharti Airtel lost 1–3%. Among mid caps, Essar Ship,
PTC, Motilal Oswal, Deccan Chronicle and Strides Arcolbas gained 4–10%,
while Ramky Infra, Gammon India, Jindal Poly, Phoenix Mills and Money
Matters lost 4–5%.
Markets Today
The trend deciding level for the day is 18557 / 5557 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18666 – 18846 / 5590 – 5641 levels. However, if NIFTY
trades below 18557 / 5557 levels for the first half-an-hour of trade then it may
correct up to 18378 – 18269 / 5506 – 5473 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices opened in green on the back of positive cues from
Asian indices and data showing easing of food inflation. The conflicting news of
acceptance of peace plan and bombing of oil assets in Libya resulted in higher
volatility throughout the day. The market gave up its opening gains by the end
of the afternoon session with intermittent attempts of pull-back, which proved
futile. However, the market rebounded from being flat at the start of endsession,
but soon witnessed a sharp sell-off to slip in the negative before late
buying helped indices close marginally in green. The Sensex and Nifty closed
flat for the day. The mid-cap and small-cap indices also closed with marginal
losses of 0.1% and 0.3%, respectively. Among the front liners, Tata Power, Hero
Honda, Bajaj Auto, HDFC and Reliance Infra gained 1–2%, while L&T, JP
Associates, BHEL, TCS and Bharti Airtel lost 1–3%. Among mid caps, Essar Ship,
PTC, Motilal Oswal, Deccan Chronicle and Strides Arcolbas gained 4–10%,
while Ramky Infra, Gammon India, Jindal Poly, Phoenix Mills and Money
Matters lost 4–5%.
Markets Today
The trend deciding level for the day is 18557 / 5557 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18666 – 18846 / 5590 – 5641 levels. However, if NIFTY
trades below 18557 / 5557 levels for the first half-an-hour of trade then it may
correct up to 18378 – 18269 / 5506 – 5473 levels
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