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Dealer’s Diary
The key benchmark indices opened on a firm note taking cues from Asian
markets and due to easing of political uncertainty after the Congress and DMK
managed to arrive at a seat-sharing deal for the forthcoming assembly polls in
Tamil Nadu. However, a sharp sell-off in early afternoon took the market to its
day’s lows from where the market rebounded equally swiftly to trade marginally
in the green. Gains from a sudden bout of buying in the final session were not
sustained as the market quickly reversed to close flat for the day. The Sensex
and Nifty closed with gains of 0.2% each. The BSE mid-cap and small-cap
indices outperformed the broader market, with gains of 0.7% and 0.8%,
respectively. Among the front liners, RCOM, Reliance Infra, Bajaj Auto, DLF and
ICICI Bank gained 1–9%, while Cipla, Sterlite, NTPC, Jindal Steel and HUL lost
1–2%. Among mid caps, Shree Global Tradefin, Mcleod Russel, Cox & Kings,
Bajaj Finserv and Raymond gained 6–20%, while Glenmark Pharma, Kirloskar
Bros, Sadbhav Engg., Motilal Oswal and Himadri Chem lost 3–4%.
Markets Today
The trend deciding level for the day is 18452/5524 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18601 – 18732/5570 - 5610 levels. However, if NIFTY
trades below 18452 / 5524 levels for the first half-an-hour of trade then it may
correct up to 18321 – 18173/5485 - 5438 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 on a firm note taking cues from Asian
markets and due to easing of political uncertainty after the Congress and DMK
managed to arrive at a seat-sharing deal for the forthcoming assembly polls in
Tamil Nadu. However, a sharp sell-off in early afternoon took the market to its
day’s lows from where the market rebounded equally swiftly to trade marginally
in the green. Gains from a sudden bout of buying in the final session were not
sustained as the market quickly reversed to close flat for the day. The Sensex
and Nifty closed with gains of 0.2% each. The BSE mid-cap and small-cap
indices outperformed the broader market, with gains of 0.7% and 0.8%,
respectively. Among the front liners, RCOM, Reliance Infra, Bajaj Auto, DLF and
ICICI Bank gained 1–9%, while Cipla, Sterlite, NTPC, Jindal Steel and HUL lost
1–2%. Among mid caps, Shree Global Tradefin, Mcleod Russel, Cox & Kings,
Bajaj Finserv and Raymond gained 6–20%, while Glenmark Pharma, Kirloskar
Bros, Sadbhav Engg., Motilal Oswal and Himadri Chem lost 3–4%.
Markets Today
The trend deciding level for the day is 18452/5524 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18601 – 18732/5570 - 5610 levels. However, if NIFTY
trades below 18452 / 5524 levels for the first half-an-hour of trade then it may
correct up to 18321 – 18173/5485 - 5438 levels.
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