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Dealer’s Diary
The market edged lower in early trade on political worries, coupled with lower
Asian stocks, which also weighed on the sentiment. The market breadth
remained negative with indices floating below the baseline throughout the
morning session. Selling pressure was witnessed in some of the Sensex stocks
namely BHEL that fell on reports that the Union Cabinet is likely to approve the
disinvestment of 5% government stake in the state-run firm next week. RIL also
showed persistent weakness. With a bout of volatility, the market recovered in
the mid-afternoon trade and advanced with sustained buying. The market
ended in red, but narrowed the previous trading session’s losses. The Sensex
and Nifty lost 0.4% and 0.3%, respectively. The mid-cap index lost 0.1%,
whereas the small-cap index gained marginally by 0.2%. Among the
front-runners, M&M, SBI, Wipro, Maruti Suzuki and Sterlite gained 0.8–2%,
while BHEL, RIL, Hindalco, ITC and DLF lost 1–5%. Among mid caps,
Cholamandalam Inv. and Fin., BLF Utilities, Greaves Cotton, Blue Dart and
Tube Investments of India Ltd. gained 4–10%, while TTK Prestige, UCO Bank,
KGN Inds., Hindusthan National Glass and Wabco TVS India lost 3–5%.
Markets Today
The trend deciding level for the day is 18759 / 5635 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18824 – 18903 / 5657 - 5682 levels. However, if NIFTY
trades below 18759 / 5635 levels for the first half-an-hour of trade then it may
correct up to 18680 – 18615 / 5610 - 5587 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 on political worries, coupled with lower
Asian stocks, which also weighed on the sentiment. The market breadth
remained negative with indices floating below the baseline throughout the
morning session. Selling pressure was witnessed in some of the Sensex stocks
namely BHEL that fell on reports that the Union Cabinet is likely to approve the
disinvestment of 5% government stake in the state-run firm next week. RIL also
showed persistent weakness. With a bout of volatility, the market recovered in
the mid-afternoon trade and advanced with sustained buying. The market
ended in red, but narrowed the previous trading session’s losses. The Sensex
and Nifty lost 0.4% and 0.3%, respectively. The mid-cap index lost 0.1%,
whereas the small-cap index gained marginally by 0.2%. Among the
front-runners, M&M, SBI, Wipro, Maruti Suzuki and Sterlite gained 0.8–2%,
while BHEL, RIL, Hindalco, ITC and DLF lost 1–5%. Among mid caps,
Cholamandalam Inv. and Fin., BLF Utilities, Greaves Cotton, Blue Dart and
Tube Investments of India Ltd. gained 4–10%, while TTK Prestige, UCO Bank,
KGN Inds., Hindusthan National Glass and Wabco TVS India lost 3–5%.
Markets Today
The trend deciding level for the day is 18759 / 5635 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18824 – 18903 / 5657 - 5682 levels. However, if NIFTY
trades below 18759 / 5635 levels for the first half-an-hour of trade then it may
correct up to 18680 – 18615 / 5610 - 5587 levels.
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