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Dealer’s Diary
The market edged higher in early trade as inflation worries eased after the
government reportedly deferred a decision on fuel price hike. The key
benchmark indices slipped into the red to hit fresh intraday lows after extending
initial gains to hit fresh intraday highs in morning trade. The market extended
losses to hit fresh intraday low in early afternoon trade before bouncing back
into the positive terrain in afternoon trade, led by positive opening of European
shares and strength in US index futures. The market retained the positive zone
in mid-afternoon trade before slipping again into the red later. The Sensex and
Nifty closed with marginal losses of 0.1% each. The mid-cap index also lost
0.1%, while the small-cap index closed with gains of 0.1%. Among the front
runners, NTPC, L&T, BHEL, RIL and TCS gained 1–2%, while Jaiprakash
Associates, ONGC, SBI, Hero Honda and RCOM lost 1–2%. Among mid caps,
Indian Metals, HOEC, IRB Infra, India Infoline and CMC gained 3–5%, while
HCL Infosystems, A2Z Maintenance, S Kumar Nationwide, OnMobile Global
and Sadbhav Engineering lost 3–6%.
Markets Today
The trend deciding level for the day is 18,387/5,521 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,447–18,510/5,540–5,559 levels. However, if NIFTY
trades below 18,387/5,521 levels for the first half-an-hour of trade then it may
correct up to 18,325–18,264/5,502–5,483 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged higher in early trade as inflation worries eased after the
government reportedly deferred a decision on fuel price hike. The key
benchmark indices slipped into the red to hit fresh intraday lows after extending
initial gains to hit fresh intraday highs in morning trade. The market extended
losses to hit fresh intraday low in early afternoon trade before bouncing back
into the positive terrain in afternoon trade, led by positive opening of European
shares and strength in US index futures. The market retained the positive zone
in mid-afternoon trade before slipping again into the red later. The Sensex and
Nifty closed with marginal losses of 0.1% each. The mid-cap index also lost
0.1%, while the small-cap index closed with gains of 0.1%. Among the front
runners, NTPC, L&T, BHEL, RIL and TCS gained 1–2%, while Jaiprakash
Associates, ONGC, SBI, Hero Honda and RCOM lost 1–2%. Among mid caps,
Indian Metals, HOEC, IRB Infra, India Infoline and CMC gained 3–5%, while
HCL Infosystems, A2Z Maintenance, S Kumar Nationwide, OnMobile Global
and Sadbhav Engineering lost 3–6%.
Markets Today
The trend deciding level for the day is 18,387/5,521 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,447–18,510/5,540–5,559 levels. However, if NIFTY
trades below 18,387/5,521 levels for the first half-an-hour of trade then it may
correct up to 18,325–18,264/5,502–5,483 levels.
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