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India Equity Research Reports, IPO and Stock News
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The trend deciding level for the day is 19,610/5,887 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,689–19,775/5,910-5,936 levels. However, if NIFTY
trades below 19,610/5,887 levels for the first half-an-hour of trade then it may
correct up to 19,523–19,444/5,862–5,839 levels.
Dealer’s Diary
The key benchmark indices edged higher for the third straight day to their best
closing levels in more than a week, buoyed by firm global stocks, data showing
resumption of buying by foreign funds and strong response from foreign
institutional investors to the initial public offer of gold financing firm Muthoot
Finance. The market edged higher in early trade on firm Asian stocks. The
market regained strength after paring initial gains to hit fresh intraday lows in
morning trade. The market surged to hit fresh intraday high in mid-morning
trade, followed by the market paring gains in early afternoon trade. After hitting
a fresh intraday low, the market bounced back in afternoon trade as European
shares rose in early trade. The Sensex and Nifty closed with gains of 0.7% and
0.6%, respectively. The mid-cap and small-cap indices gained 0.1% and 0.03%,
respectively. Among the front liners, Maruti Suzuki, ONGC, Hindalco, HDFC
and Sterlite Industries gained 2–3%, while BHEL, TCS, Bharti Airtel, Bajaj Auto
and Tata Motors lost 1–4%. Among mid caps, MRF, ING Vysya Bank, Deccan
Chronicle, Alok Industries and Apollo Industries gained 5–10%, while
Coromandel, Himadri, KGN, Alstom Projects and Sunteck Realty lost 3–10%.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
The trend deciding level for the day is 19,610/5,887 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,689–19,775/5,910-5,936 levels. However, if NIFTY
trades below 19,610/5,887 levels for the first half-an-hour of trade then it may
correct up to 19,523–19,444/5,862–5,839 levels.
Dealer’s Diary
The key benchmark indices edged higher for the third straight day to their best
closing levels in more than a week, buoyed by firm global stocks, data showing
resumption of buying by foreign funds and strong response from foreign
institutional investors to the initial public offer of gold financing firm Muthoot
Finance. The market edged higher in early trade on firm Asian stocks. The
market regained strength after paring initial gains to hit fresh intraday lows in
morning trade. The market surged to hit fresh intraday high in mid-morning
trade, followed by the market paring gains in early afternoon trade. After hitting
a fresh intraday low, the market bounced back in afternoon trade as European
shares rose in early trade. The Sensex and Nifty closed with gains of 0.7% and
0.6%, respectively. The mid-cap and small-cap indices gained 0.1% and 0.03%,
respectively. Among the front liners, Maruti Suzuki, ONGC, Hindalco, HDFC
and Sterlite Industries gained 2–3%, while BHEL, TCS, Bharti Airtel, Bajaj Auto
and Tata Motors lost 1–4%. Among mid caps, MRF, ING Vysya Bank, Deccan
Chronicle, Alok Industries and Apollo Industries gained 5–10%, while
Coromandel, Himadri, KGN, Alstom Projects and Sunteck Realty lost 3–10%.
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