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Dealer’s Diary
The key benchmark indices opened on a positive note, tracking strong global
cues led by sustained buying from foreign investors. The market soon reversed
its opening gains and traded in the negative territory on concerns of rising
crude prices. However, the indices gathered some steam and traded near the
baseline in early afternoon trade. However, the recovery proved short-lived and
the market pared all its gains despite a positive start to European markets.
The market continued to slide further down to hit fresh intraday low near the
closing session. Finally, the market closed near one-week lows with the Sensex
and Nifty closing down by 0.7% each. The mid-cap and small-cap indices
underperformed the broader markets, losing 1.3% and 1.4%, respectively.
Among the front liners, Bharti Airtel, ITC, L&T, BHEL and Hindustan Unilever
gained 0–2%, while JP Associates, DLF, Hindalco, Tata Motors and Reliance
Infra lost 2–4%. Among mid caps, Sunteck Realty, S Kumars Nationwide, P&G,
Prestige Estates and CMC gained 5–20%, while Jai Corp., OnMobile Global,
India Infoline, KGN Industries and Jagran Prakashan lost 4–6%.
Markets Today
The trend deciding level for the day is 19512/5864 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19636 – 19821/5905 – 5969 levels. However, if NIFTY
trades below 19512/5864 levels for the first half-an-hour of trade then it may
correct up to 19328 – 19204/5800 – 5759 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 positive note, tracking strong global
cues led by sustained buying from foreign investors. The market soon reversed
its opening gains and traded in the negative territory on concerns of rising
crude prices. However, the indices gathered some steam and traded near the
baseline in early afternoon trade. However, the recovery proved short-lived and
the market pared all its gains despite a positive start to European markets.
The market continued to slide further down to hit fresh intraday low near the
closing session. Finally, the market closed near one-week lows with the Sensex
and Nifty closing down by 0.7% each. The mid-cap and small-cap indices
underperformed the broader markets, losing 1.3% and 1.4%, respectively.
Among the front liners, Bharti Airtel, ITC, L&T, BHEL and Hindustan Unilever
gained 0–2%, while JP Associates, DLF, Hindalco, Tata Motors and Reliance
Infra lost 2–4%. Among mid caps, Sunteck Realty, S Kumars Nationwide, P&G,
Prestige Estates and CMC gained 5–20%, while Jai Corp., OnMobile Global,
India Infoline, KGN Industries and Jagran Prakashan lost 4–6%.
Markets Today
The trend deciding level for the day is 19512/5864 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19636 – 19821/5905 – 5969 levels. However, if NIFTY
trades below 19512/5864 levels for the first half-an-hour of trade then it may
correct up to 19328 – 19204/5800 – 5759 levels.
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