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Dealer’s Diary
The market edged higher in early trade on firm Asian stocks. The market
trimmed gains after extending initial gains to hit fresh intraday high in morning
trade. The markets retained positive zone in mid-morning trade. The market
trimmed gains in early afternoon trade soon after the latest data showed a
higher-than-expected rise in headline inflation in May 2011, which
strengthened expectations of a 25 basis points hike in the key lending rate from
the RBI at the mid-quarter policy review on Thursday, 16 June 2011. The
markets regained positive terrain soon after slipping into the red for a short
while in afternoon trade. The market held positive zone in mid-afternoon trade.
The market came off lows in late trade. The Sensex and Nifty closed with
marginal gains of 0.2% and 0.3%, respectively. The Mid-cap index ended 0.6%
higher while small-cap index closed with gains of 0.4%. Among the front
runners, Reliance Infra, Bajaj Auto, Jindal Steel, ICICI Bank and ITC gained 1–
2% while Tata Motors, Hindalco Inds, HDFC, RIL and Cipla lost 1–3%. Among
mid-caps, Fresenius Kabi, Pantaloon Retail, HMT, Britannia Inds and
Indraprastha Gas gained 5-7% while, Omaxe, Sun Pharma Adv, A2Z Maint &
Engg, Tulip Telecom and DB Realty lost 2-5%.
Markets Today
The trend deciding level for the day is 18,310/5,502 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,378–18,448/5,519-5,538 levels. However, if NIFTY
trades below 18,310/5,502 levels for the first half-an-hour of trade then it may
correct up to 18,241–18,172/5,483-5,465 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 on firm Asian stocks. The market
trimmed gains after extending initial gains to hit fresh intraday high in morning
trade. The markets retained positive zone in mid-morning trade. The market
trimmed gains in early afternoon trade soon after the latest data showed a
higher-than-expected rise in headline inflation in May 2011, which
strengthened expectations of a 25 basis points hike in the key lending rate from
the RBI at the mid-quarter policy review on Thursday, 16 June 2011. The
markets regained positive terrain soon after slipping into the red for a short
while in afternoon trade. The market held positive zone in mid-afternoon trade.
The market came off lows in late trade. The Sensex and Nifty closed with
marginal gains of 0.2% and 0.3%, respectively. The Mid-cap index ended 0.6%
higher while small-cap index closed with gains of 0.4%. Among the front
runners, Reliance Infra, Bajaj Auto, Jindal Steel, ICICI Bank and ITC gained 1–
2% while Tata Motors, Hindalco Inds, HDFC, RIL and Cipla lost 1–3%. Among
mid-caps, Fresenius Kabi, Pantaloon Retail, HMT, Britannia Inds and
Indraprastha Gas gained 5-7% while, Omaxe, Sun Pharma Adv, A2Z Maint &
Engg, Tulip Telecom and DB Realty lost 2-5%.
Markets Today
The trend deciding level for the day is 18,310/5,502 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,378–18,448/5,519-5,538 levels. However, if NIFTY
trades below 18,310/5,502 levels for the first half-an-hour of trade then it may
correct up to 18,241–18,172/5,483-5,465 levels.
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