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Dealer’s Diary
Weakness persisted on the bourses as the key benchmark indices remained
subdued throughout the day on data showing resumption of selling by foreign
funds recently and on negative global cues. The market recovered after a weak
start triggered by lower Asian shares in the morning trade. However, the market
hit a fresh intraday low in mid-morning trade. Intraday volatility was high.
The market cut losses in early afternoon trade. Intraday recovery proved
short-lived as the market weakened again. Weakness continued in late trade on
sustained selling. The Sensex and Nifty closed down by 1.0% and 0.8%,
respectively. The mid-cap and small-cap indices registered loss of 0.8% and
0.7%, respectively. Among the front liners, Hero Honda, BHEL, Bharti Airtel and
TCS gained 0–4%, while Jaiprakash Associates, Bajaj Auto, M&M, Tata Steel
and DLF lost 2–3%. Among mid caps, Glenmark Pharma, MVL, Sun Pharma
Advanced Research, Gammon Infra and Wockhardt gained 4–12%, while
CMC, Glaxosmithkline Consumer, Essar Ship Ports, M&M finance and
Anant Raj lost 5–7%.
Markets Today
The trend deciding level for the day is 18,386/5,509 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,452–18,559/5,531–5,564 levels. However, if NIFTY
trades below 18,386/5,509 levels for the first half-an-hour of trade then it may
correct up to 18,279–18,213/5,477-5,455 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
Weakness persisted on the bourses as the key benchmark indices remained
subdued throughout the day on data showing resumption of selling by foreign
funds recently and on negative global cues. The market recovered after a weak
start triggered by lower Asian shares in the morning trade. However, the market
hit a fresh intraday low in mid-morning trade. Intraday volatility was high.
The market cut losses in early afternoon trade. Intraday recovery proved
short-lived as the market weakened again. Weakness continued in late trade on
sustained selling. The Sensex and Nifty closed down by 1.0% and 0.8%,
respectively. The mid-cap and small-cap indices registered loss of 0.8% and
0.7%, respectively. Among the front liners, Hero Honda, BHEL, Bharti Airtel and
TCS gained 0–4%, while Jaiprakash Associates, Bajaj Auto, M&M, Tata Steel
and DLF lost 2–3%. Among mid caps, Glenmark Pharma, MVL, Sun Pharma
Advanced Research, Gammon Infra and Wockhardt gained 4–12%, while
CMC, Glaxosmithkline Consumer, Essar Ship Ports, M&M finance and
Anant Raj lost 5–7%.
Markets Today
The trend deciding level for the day is 18,386/5,509 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,452–18,559/5,531–5,564 levels. However, if NIFTY
trades below 18,386/5,509 levels for the first half-an-hour of trade then it may
correct up to 18,279–18,213/5,477-5,455 levels
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