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Dealer’s Diary
The key benchmark indices posted modest losses with data showing resumption
of selling by foreign funds and rise in crude oil prices weighing on the
sentiment. Stocks were volatile right from the onset of the trading session. The
market reversed direction soon after initial gains in the morning trade. The
market moved between the positive and negative zone in mid-morning trade.
Volatility was the order of the day as the key benchmark indices recovered soon
after hitting their eight-week lows in afternoon trade. The market was range
bound in late trade. The Sensex and Nifty closed down by 0.3% each. The
mid-cap and small-cap indices registered loss of 0.6% and 0.8%, respectively.
Among the front liners, HDFC, Hero Honda, Maruti Suzuki, Wipro and Tata
Power gained 1–2%, while Reliance Infra, Tata Motors, RCOM, SBI and
JP Associates lost 2–4%. Among mid caps, Shoppers Stop, Bajaj Finserv,
Eclerx Serv, Ramky Infra and Shree Global Traders gained 4–10%, while
Kwality Dairy, Anant Raj Inds, Opto Circuits, Punj Lloyd and NCC lost 5–10%.
Markets Today
The trend deciding level for the day is 18,108/5,427 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,196–18,306/5,454–5,487 levels. However, if NIFTY
trades below 18,108/5,427 levels for the first half-an-hour of trade then it may
correct up to 17,999–17,911/5,394-5,368 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices posted modest losses with data showing resumption
of selling by foreign funds and rise in crude oil prices weighing on the
sentiment. Stocks were volatile right from the onset of the trading session. The
market reversed direction soon after initial gains in the morning trade. The
market moved between the positive and negative zone in mid-morning trade.
Volatility was the order of the day as the key benchmark indices recovered soon
after hitting their eight-week lows in afternoon trade. The market was range
bound in late trade. The Sensex and Nifty closed down by 0.3% each. The
mid-cap and small-cap indices registered loss of 0.6% and 0.8%, respectively.
Among the front liners, HDFC, Hero Honda, Maruti Suzuki, Wipro and Tata
Power gained 1–2%, while Reliance Infra, Tata Motors, RCOM, SBI and
JP Associates lost 2–4%. Among mid caps, Shoppers Stop, Bajaj Finserv,
Eclerx Serv, Ramky Infra and Shree Global Traders gained 4–10%, while
Kwality Dairy, Anant Raj Inds, Opto Circuits, Punj Lloyd and NCC lost 5–10%.
Markets Today
The trend deciding level for the day is 18,108/5,427 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,196–18,306/5,454–5,487 levels. However, if NIFTY
trades below 18,108/5,427 levels for the first half-an-hour of trade then it may
correct up to 17,999–17,911/5,394-5,368 levels.
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