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Dealer’s Diary
The key benchmark indices slipped into the red zone once again after reversing
initial losses weighed by weak Asian stocks but later surged to 2.5-week high in
morning trade. The market trimmed gains later and moved in a tight range
near the day's high in mid-morning trade. The market trimmed gains in early
afternoon trade but again surged in afternoon trade as European stocks came
off initial lows. Volatility ruled the roost as the key benchmark indices regained
strength in mid-afternoon trade soon after paring gains from a sharp surge and
moved in a range in late trade. The key benchmark indices surged, extending
their rally into the third straight day, on higher European stocks and US index
futures with the Sensex and Nifty closing up by 0.9% and 1.0%, respectively.
The mid-cap and small-cap indices also closed in green, each up by 0.8%.
Among the front runners, ONGC, M&M, Maruti Suzuki, L&T and Tata Steel
gained 1–4%, while Reliance Infra, ITC, Hero Honda, DLF and Wipro lost 0–2%.
Among mid caps, Jubilant Life Sciences, Gujarat Fluorochemicals, Videocon
Industries, Polaris Software and Shree Global Tradefin gained 5–9%, while GTL
Infra, Reliance Enterprises, Bhushan Steel, HDIL and GTL lost 3–5%.
Markets Today
The trend deciding level for the day is 18,346/5,405 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,560–18,708/5,375–5,523 levels. However, if NIFTY
trades below 18,346/5,405 levels for the first half-an-hour of trade then it may
correct up to 18,199–17,985/5,256–5,286 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices slipped into the red zone once again after reversing
initial losses weighed by weak Asian stocks but later surged to 2.5-week high in
morning trade. The market trimmed gains later and moved in a tight range
near the day's high in mid-morning trade. The market trimmed gains in early
afternoon trade but again surged in afternoon trade as European stocks came
off initial lows. Volatility ruled the roost as the key benchmark indices regained
strength in mid-afternoon trade soon after paring gains from a sharp surge and
moved in a range in late trade. The key benchmark indices surged, extending
their rally into the third straight day, on higher European stocks and US index
futures with the Sensex and Nifty closing up by 0.9% and 1.0%, respectively.
The mid-cap and small-cap indices also closed in green, each up by 0.8%.
Among the front runners, ONGC, M&M, Maruti Suzuki, L&T and Tata Steel
gained 1–4%, while Reliance Infra, ITC, Hero Honda, DLF and Wipro lost 0–2%.
Among mid caps, Jubilant Life Sciences, Gujarat Fluorochemicals, Videocon
Industries, Polaris Software and Shree Global Tradefin gained 5–9%, while GTL
Infra, Reliance Enterprises, Bhushan Steel, HDIL and GTL lost 3–5%.
Markets Today
The trend deciding level for the day is 18,346/5,405 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,560–18,708/5,375–5,523 levels. However, if NIFTY
trades below 18,346/5,405 levels for the first half-an-hour of trade then it may
correct up to 18,199–17,985/5,256–5,286 levels.
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