Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices edged higher on the back of firm Asian stocks.
The market breadth was strong and moved in a tight range within the positive
terrain before dropping slightly in the mid-morning session. Nonetheless,
the market retained the positive zone after recovering from the day's lows in
early afternoon trade as sustained buying by foreign funds over the past few
days strengthened investor sentiment. Further, sugar shares surged, following
reports that the government might allow decontrol of sugar prices.
Slight volatility was witnessed in the afternoon session on account of weak
opening of European stocks. However, the indices remained firm and floated in
the positive territory till late trading session. The market closed up with the
Sensex and Nifty gaining 0.3% and 0.4%, respectively. The mid-cap and
small-cap indices also gained 1.0% and 1.2%, respectively. Among the
front-runners, Rel. Infra, DLF, RCom, Hindalco and Tata Motors gained 2–7%,
while ITC, L&T, Tata Steel, NTPC and Hero Honda lost 0.4–1.3%. Among mid
caps, Anant Raj Inds., Peninsula Land REI Agro, Tata Global and Shree Renuka
Sugars gained 7–14%, while Jubilant Food, Shree Global Tradefin Ltd., Godfrey
Phillips India, GTL and Indian Metals & Ferro Alloys lost 3–5%.
Markets Today
The trend deciding level for the day is 18846 / 5654 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18911 – 19007 / 5676 - 5701 levels. However, if NIFTY
trades below 18846 / 5654 levels for the first half-an-hour of trade then it may
correct up to 18750 – 18686 / 5629 - 5608 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices edged higher on the back of firm Asian stocks.
The market breadth was strong and moved in a tight range within the positive
terrain before dropping slightly in the mid-morning session. Nonetheless,
the market retained the positive zone after recovering from the day's lows in
early afternoon trade as sustained buying by foreign funds over the past few
days strengthened investor sentiment. Further, sugar shares surged, following
reports that the government might allow decontrol of sugar prices.
Slight volatility was witnessed in the afternoon session on account of weak
opening of European stocks. However, the indices remained firm and floated in
the positive territory till late trading session. The market closed up with the
Sensex and Nifty gaining 0.3% and 0.4%, respectively. The mid-cap and
small-cap indices also gained 1.0% and 1.2%, respectively. Among the
front-runners, Rel. Infra, DLF, RCom, Hindalco and Tata Motors gained 2–7%,
while ITC, L&T, Tata Steel, NTPC and Hero Honda lost 0.4–1.3%. Among mid
caps, Anant Raj Inds., Peninsula Land REI Agro, Tata Global and Shree Renuka
Sugars gained 7–14%, while Jubilant Food, Shree Global Tradefin Ltd., Godfrey
Phillips India, GTL and Indian Metals & Ferro Alloys lost 3–5%.
Markets Today
The trend deciding level for the day is 18846 / 5654 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18911 – 19007 / 5676 - 5701 levels. However, if NIFTY
trades below 18846 / 5654 levels for the first half-an-hour of trade then it may
correct up to 18750 – 18686 / 5629 - 5608 levels.
No comments:
Post a Comment