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Dealer’s Diary
The market opened on a firm note, aided by positive Asian equities, strong
results by Accenture and fall in crude oil prices. The barometer index hit a fresh
intraday high in mid-morning trade. The market pared gains in early afternoon.
The key benchmark indices spurted in afternoon trade. The market surged to
two-month high in mid-afternoon trade and pared gains after hitting fresh
intraday high in late trade. Positive global cues, stable crude prices and data
showing a pick-up in foreign fund buying in the recent session helped the
Indian market end higher for a fourth straight session on Friday. The Sensex
and Nifty closed with gains of 2.5% and 2.4%, respectively, while the mid-cap
and small-cap indices closed with gains of 1.0% each. All sectoral indices on
the BSE logged gains. Among the front liners, DLF, Infosys, NTPC, Wipro and
Tata Power gained 3.5–6.2%, with no losers in the Sensex. Among mid caps,
VA Tech Wabag, Cox & Kings, Shree Ashtavinayak, Financial Tech and Sterlite
Tech gained 7–14%, while Shree Global Trd., Prestige Estates, KGN Inds,
Jubilant Life and Den Network lost 3–7%.
Markets Today
The trend deciding level for the day is 18,718/5,627 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,956–19,096 / 5,694–5,734 levels. However, if NIFTY
trades below 18,718 / 5,627 levels for the first half-an-hour of trade then it
may correct up to 18,578–18,341/5,588–5,521 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market opened on a firm note, aided by positive Asian equities, strong
results by Accenture and fall in crude oil prices. The barometer index hit a fresh
intraday high in mid-morning trade. The market pared gains in early afternoon.
The key benchmark indices spurted in afternoon trade. The market surged to
two-month high in mid-afternoon trade and pared gains after hitting fresh
intraday high in late trade. Positive global cues, stable crude prices and data
showing a pick-up in foreign fund buying in the recent session helped the
Indian market end higher for a fourth straight session on Friday. The Sensex
and Nifty closed with gains of 2.5% and 2.4%, respectively, while the mid-cap
and small-cap indices closed with gains of 1.0% each. All sectoral indices on
the BSE logged gains. Among the front liners, DLF, Infosys, NTPC, Wipro and
Tata Power gained 3.5–6.2%, with no losers in the Sensex. Among mid caps,
VA Tech Wabag, Cox & Kings, Shree Ashtavinayak, Financial Tech and Sterlite
Tech gained 7–14%, while Shree Global Trd., Prestige Estates, KGN Inds,
Jubilant Life and Den Network lost 3–7%.
Markets Today
The trend deciding level for the day is 18,718/5,627 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,956–19,096 / 5,694–5,734 levels. However, if NIFTY
trades below 18,718 / 5,627 levels for the first half-an-hour of trade then it
may correct up to 18,578–18,341/5,588–5,521 levels.
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