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Dealer’s Diary
The key benchmark indices belled the day on a positive note defying weak
global market cues. However, the markets pared its gains and drifted lower as
the day progressed amid rising political disturbance in Greece and as concerns
grew that the European nations would struggle to avoid a debt default. Soon the
Sensex traded below the psychological mark of 18,000 as weakness in Asian
stocks weighed heavily on the sentiment of the investors. The market weakened
further to hit fresh intraday low in mid-afternoon trade as selling pressure
continued. High volatility was witnessed in late trade and Sensex weakened
once again to end the session near the low-levels of the day. The Sensex and
Nifty closed with losses of 0.6% each. The Mid-cap and Small-cap index too
closed in the red with losses of 0.8% and 0.9%, respectively. Among the front
runners, Tata Steel, Bharti Airtel, Reliance Communications, Reliance Infra and
NTPC gained 0–4% while, TCS, RIL, M&M, Hindalco and Maruti lost 1–4%.
Among mid-caps, Jyothy Labs, Shriram City Union, Godrej Industries, Eclerx
and Parsvanath Developers gained 2-8% while, GTL, GTL Infra, TTK Prestige,
Cox and Kings and Prism Cement lost 5-17%.
Markets Today
The trend deciding level for the day is 17,929/5,381 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,014 - 18,157/5,406 - 5,446 levels. However, if NIFTY
trades below 17,929/5,381 levels for the first half-an-hour of trade then it may
correct up to 17,786 – 17,701/5,341- 5,316 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices belled the day on a positive note defying weak
global market cues. However, the markets pared its gains and drifted lower as
the day progressed amid rising political disturbance in Greece and as concerns
grew that the European nations would struggle to avoid a debt default. Soon the
Sensex traded below the psychological mark of 18,000 as weakness in Asian
stocks weighed heavily on the sentiment of the investors. The market weakened
further to hit fresh intraday low in mid-afternoon trade as selling pressure
continued. High volatility was witnessed in late trade and Sensex weakened
once again to end the session near the low-levels of the day. The Sensex and
Nifty closed with losses of 0.6% each. The Mid-cap and Small-cap index too
closed in the red with losses of 0.8% and 0.9%, respectively. Among the front
runners, Tata Steel, Bharti Airtel, Reliance Communications, Reliance Infra and
NTPC gained 0–4% while, TCS, RIL, M&M, Hindalco and Maruti lost 1–4%.
Among mid-caps, Jyothy Labs, Shriram City Union, Godrej Industries, Eclerx
and Parsvanath Developers gained 2-8% while, GTL, GTL Infra, TTK Prestige,
Cox and Kings and Prism Cement lost 5-17%.
Markets Today
The trend deciding level for the day is 17,929/5,381 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,014 - 18,157/5,406 - 5,446 levels. However, if NIFTY
trades below 17,929/5,381 levels for the first half-an-hour of trade then it may
correct up to 17,786 – 17,701/5,341- 5,316 levels.
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