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Dealer’s Diary
The market edged higher at the onset of the trading session. The key
benchmark indices trimmed gains after hitting three-week highs in morning
trade. A bout of volatility was witnessed as the key benchmark indices cut gains,
soon after regaining strength in mid-morning trade as a private survey showed
that the services sector’s activity slowed in May 2011. The market slipped into
the red in afternoon trade. Volatility continued in late trade, as the market
trimmed losses after sliding to a fresh intraday low. The market continued to
remain depressed and closed down with the Sensex and Nifty losing 0.6% each.
The mid-cap and small-cap indices also closed down 0.3% and 0.1%,
respectively. Among the front runners, RCOM, L&T, M&M, Reliance Infra and
Maruti Suzuki gained 1–4% while HDFC, Hindalco, JP Associates, Tata Motors
and RIL lost 2–3%. Among mid caps Eclerx Services, Manappuram Gen,
Kirloskar Oil Engines, Sunteck Realty and Pfizer gained 5–7%, while Sterling
Intl., Monsanto India, Jyothy Lab, HCC and Simplex Infra lost 3–10%.
Markets Today
The trend deciding level for the day is 18,465/5,543 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,584–18,792/5,579–5,641 levels. However, if NIFTY
trades below 18,465/5,543 levels for the first half-an-hour of trade then it may
correct up to 18,257–18,138/5,481–5,445 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged higher at the onset of the trading session. The key
benchmark indices trimmed gains after hitting three-week highs in morning
trade. A bout of volatility was witnessed as the key benchmark indices cut gains,
soon after regaining strength in mid-morning trade as a private survey showed
that the services sector’s activity slowed in May 2011. The market slipped into
the red in afternoon trade. Volatility continued in late trade, as the market
trimmed losses after sliding to a fresh intraday low. The market continued to
remain depressed and closed down with the Sensex and Nifty losing 0.6% each.
The mid-cap and small-cap indices also closed down 0.3% and 0.1%,
respectively. Among the front runners, RCOM, L&T, M&M, Reliance Infra and
Maruti Suzuki gained 1–4% while HDFC, Hindalco, JP Associates, Tata Motors
and RIL lost 2–3%. Among mid caps Eclerx Services, Manappuram Gen,
Kirloskar Oil Engines, Sunteck Realty and Pfizer gained 5–7%, while Sterling
Intl., Monsanto India, Jyothy Lab, HCC and Simplex Infra lost 3–10%.
Markets Today
The trend deciding level for the day is 18,465/5,543 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,584–18,792/5,579–5,641 levels. However, if NIFTY
trades below 18,465/5,543 levels for the first half-an-hour of trade then it may
correct up to 18,257–18,138/5,481–5,445 levels.
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