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Dealer’s Diary
The market surged in morning trade, buoyed by positive global cues and stable
crude prices, and extended early gains to strike fresh nine-week highs boosted
by firm Asian stocks. Hopes for improved relations between India and Pakistan
aided the rally. The key benchmark indices pared gains in mid-morning trade
but again hovered near nine-week highs in early afternoon trade. The market
breadth was strong as small and mid-cap stocks participated in the rally.
The market hit a 2.5-month high in afternoon trade, as European stocks rose in
early trade. Profit booking occurred and pulled the key benchmark indices
down but regained strength in late trade with the Sensex and Nifty closing up by
0.9% each. The mid-cap and small-cap indices closed up by 1.5% and 2.2%,
respectively. Among the front liners, Cipla, Jaiprakash Associates, DLF, M&M
and SBI gained 3–5%, while Hindalco Industries, ITC, BHEL, Tata Power and
ONGC lost 0–1%. Among mid caps, Ballarpur Industries, IVR Prime,
JM Financial, Shree Cement and Himadri Chemicals gained 9–16%, while
Parsvnath Developers, Sunteck Realty, KGN Industries, Shree Global Trd. and
Hathway Cable lost 3–7.5%.
Markets Today
The trend deciding level for the day is 19,275/5,782 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,372–19,454/5,809–5,831 levels. However, if NIFTY
trades below 19,275/5,782 levels for the first half-an-hour of trade then it may
correct up to 19,194–19,097/5,760–5,732 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market surged in morning trade, buoyed by positive global cues and stable
crude prices, and extended early gains to strike fresh nine-week highs boosted
by firm Asian stocks. Hopes for improved relations between India and Pakistan
aided the rally. The key benchmark indices pared gains in mid-morning trade
but again hovered near nine-week highs in early afternoon trade. The market
breadth was strong as small and mid-cap stocks participated in the rally.
The market hit a 2.5-month high in afternoon trade, as European stocks rose in
early trade. Profit booking occurred and pulled the key benchmark indices
down but regained strength in late trade with the Sensex and Nifty closing up by
0.9% each. The mid-cap and small-cap indices closed up by 1.5% and 2.2%,
respectively. Among the front liners, Cipla, Jaiprakash Associates, DLF, M&M
and SBI gained 3–5%, while Hindalco Industries, ITC, BHEL, Tata Power and
ONGC lost 0–1%. Among mid caps, Ballarpur Industries, IVR Prime,
JM Financial, Shree Cement and Himadri Chemicals gained 9–16%, while
Parsvnath Developers, Sunteck Realty, KGN Industries, Shree Global Trd. and
Hathway Cable lost 3–7.5%.
Markets Today
The trend deciding level for the day is 19,275/5,782 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,372–19,454/5,809–5,831 levels. However, if NIFTY
trades below 19,275/5,782 levels for the first half-an-hour of trade then it may
correct up to 19,194–19,097/5,760–5,732 levels.
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