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Dealer’s Diary
The market edged lower in early trade, tracking weak Asian shares. The market
extended losses in morning trade. The key benchmark indices hit their lowest
level in more than 2 weeks, however in mid-morning trade the market trimmed
some of the losses. The intraday recovery gathered steam in early afternoon
trade as the Sensex moved into positive zone. The market hit a fresh intraday
high in afternoon trade. The market slipped into the red after moving between
positive and negative terrain in mid-afternoon trade. The market again
continued to swing between positive and negative terrain in late trade. The
Sensex and Nifty closed with marginal losses of 0.01% and 0.05%, respectively.
The Mid-cap index and small-cap index closed with gains of 0.3% each. Among
the front runners, Jaiprakash Asso, NTPC, Cipla, Reliance Comm and Bajaj
Auto gained 1–3% while Hindalco Inds, RIL, Tata Steel, TCS and SBI lost 1–2%.
Among mid-caps, A2Z Maint & Engg, Novartis India, BASF India, Punj Lloyd
and Max India gained 8-20% while, KGN Inds, Glodyne Tech, Bhushan Steel,
Vardhman Tex and Emami lost 3-5%.
Markets Today
The trend deciding level for the day is 18,233/5,472 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,346–18,426/5,507–5,532 levels. However, if NIFTY
trades below 18,233/5,472 levels for the first half-an-hour of trade then it may
correct up to 18,153–18,041/5,448–5,412 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged lower in early trade, tracking weak Asian shares. The market
extended losses in morning trade. The key benchmark indices hit their lowest
level in more than 2 weeks, however in mid-morning trade the market trimmed
some of the losses. The intraday recovery gathered steam in early afternoon
trade as the Sensex moved into positive zone. The market hit a fresh intraday
high in afternoon trade. The market slipped into the red after moving between
positive and negative terrain in mid-afternoon trade. The market again
continued to swing between positive and negative terrain in late trade. The
Sensex and Nifty closed with marginal losses of 0.01% and 0.05%, respectively.
The Mid-cap index and small-cap index closed with gains of 0.3% each. Among
the front runners, Jaiprakash Asso, NTPC, Cipla, Reliance Comm and Bajaj
Auto gained 1–3% while Hindalco Inds, RIL, Tata Steel, TCS and SBI lost 1–2%.
Among mid-caps, A2Z Maint & Engg, Novartis India, BASF India, Punj Lloyd
and Max India gained 8-20% while, KGN Inds, Glodyne Tech, Bhushan Steel,
Vardhman Tex and Emami lost 3-5%.
Markets Today
The trend deciding level for the day is 18,233/5,472 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,346–18,426/5,507–5,532 levels. However, if NIFTY
trades below 18,233/5,472 levels for the first half-an-hour of trade then it may
correct up to 18,153–18,041/5,448–5,412 levels.
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