Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market skidded in early trade on weak 4QFY2011 results reported by
Infosys at the onset of the trading session. Volatility ruled the roost as the key
benchmark indices extended initial losses to hit fresh intraday lows in morning
trade. Weakness continued in mid-morning trade. Selling pressure aggravated
as the key benchmark indices hit fresh intraday lows in early afternoon trade
soon after the data showed acceleration in headline inflation in March 2011.
The market weakened again in late trade after moving in a range with the
Sensex and Nifty closing down by 1.6% and 1.5%, respectively. The mid cap
and small-cap indices performed better, losing 0.2% each. Among the front
liners, Hero Honda, Bharti Airtel, Bajaj Auto, Jaiprakash Associates and ITC
gained 1–6%, while Infosys Technologies, Wipro, DLF, ICICI Bank and HUL lost
2–10%. Among mid caps, Hathway Cable, Fresenius Kabi, HMT, Redington
India and Himadri Chemicals gained 6–11%, while Kwality Dairy,
Unichem Lab., Core Projects, Indiabulls Finance and DB Realty lost 4–14%.
Markets Today
The trend deciding level for the day is 19,475/5,846 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,613–19,839/5,886–5,947 levels. However, if NIFTY
trades below 19,475/5,846 levels for the first half-an-hour of trade then it may
correct up to 19,249–19,111/5,785–5,745 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market skidded in early trade on weak 4QFY2011 results reported by
Infosys at the onset of the trading session. Volatility ruled the roost as the key
benchmark indices extended initial losses to hit fresh intraday lows in morning
trade. Weakness continued in mid-morning trade. Selling pressure aggravated
as the key benchmark indices hit fresh intraday lows in early afternoon trade
soon after the data showed acceleration in headline inflation in March 2011.
The market weakened again in late trade after moving in a range with the
Sensex and Nifty closing down by 1.6% and 1.5%, respectively. The mid cap
and small-cap indices performed better, losing 0.2% each. Among the front
liners, Hero Honda, Bharti Airtel, Bajaj Auto, Jaiprakash Associates and ITC
gained 1–6%, while Infosys Technologies, Wipro, DLF, ICICI Bank and HUL lost
2–10%. Among mid caps, Hathway Cable, Fresenius Kabi, HMT, Redington
India and Himadri Chemicals gained 6–11%, while Kwality Dairy,
Unichem Lab., Core Projects, Indiabulls Finance and DB Realty lost 4–14%.
Markets Today
The trend deciding level for the day is 19,475/5,846 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,613–19,839/5,886–5,947 levels. However, if NIFTY
trades below 19,475/5,846 levels for the first half-an-hour of trade then it may
correct up to 19,249–19,111/5,785–5,745 levels.
No comments:
Post a Comment