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Dealer’s Diary
The key benchmark indices opened in green following positive global market
cues but trimmed all gains to hit fresh intraday low in the morning session.
The market further pared gains in mid-morning trade as weakness persisted.
The market regained the positive terrain in early afternoon trade, but it was
short-lived. Comments from Finance Minister Pranab Mukherjee that inflation is
expected to remain high during August–December 2011 weighed on investor
sentiments, leading to sustained selling pressure. The Sensex and Nifty finally
closed near the lowest point of the day with losses of 0.8% each.
The mid-cap index declined 0.9%, while the small-cap index closed with losses
of 0.4%. Among the front runners, DLF, ITC, Maruti Suzuki and Hindustan
Unilever gained 0–2%, while Wipro, Hindalco, JP Associates, Tata Power and
Hero Honda lost 1–4%. Among mid caps, Simplex Infra., Hotel Leela, Page
Ind., Radico Khaitan and Petronet LNG gained 3–7%, while SKS Microfinance,
Sujana Towers, Havells India, Shree Global and SpiceJet lost 4–7%.
Markets Today
The trend deciding level for the day is 18,581/5589 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,687–18,872/5,623-5,679 levels. However, if NIFTY
trades below 18,581/5,589 levels for the first half-an-hour of trade then it may
correct up to 18,396–18,289/5,533-5,499 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices opened in green following positive global market
cues but trimmed all gains to hit fresh intraday low in the morning session.
The market further pared gains in mid-morning trade as weakness persisted.
The market regained the positive terrain in early afternoon trade, but it was
short-lived. Comments from Finance Minister Pranab Mukherjee that inflation is
expected to remain high during August–December 2011 weighed on investor
sentiments, leading to sustained selling pressure. The Sensex and Nifty finally
closed near the lowest point of the day with losses of 0.8% each.
The mid-cap index declined 0.9%, while the small-cap index closed with losses
of 0.4%. Among the front runners, DLF, ITC, Maruti Suzuki and Hindustan
Unilever gained 0–2%, while Wipro, Hindalco, JP Associates, Tata Power and
Hero Honda lost 1–4%. Among mid caps, Simplex Infra., Hotel Leela, Page
Ind., Radico Khaitan and Petronet LNG gained 3–7%, while SKS Microfinance,
Sujana Towers, Havells India, Shree Global and SpiceJet lost 4–7%.
Markets Today
The trend deciding level for the day is 18,581/5589 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,687–18,872/5,623-5,679 levels. However, if NIFTY
trades below 18,581/5,589 levels for the first half-an-hour of trade then it may
correct up to 18,396–18,289/5,533-5,499 levels.
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