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Dealer’s Diary
The key benchmark indices pared gains soon after a firm start triggered by a
new aid package for Greece. The market surged in the morning trade but again
pared gains after hitting a fresh intraday high in afternoon trade. The market
again hit a fresh intraday high in mid-afternoon trade. High volatility was
witnessed towards the latter part of the trading session, as the key benchmark
indices hit fresh intraday highs. The market breadth was strong. Firm global
stocks underpinned sentiment and stocks advanced after European Union
officials, on July 21, 2011, hammered out a new aid package for Greece and
plan to prevent the spread of the sovereign debt crisis. The Sensex and Nifty
closed with gains of 1.6% and 1.7%, respectively. The mid-cap and small-cap
indices closed with gains of 1.3% and 0.8%, respectively. Among the front
runners, Bharti Airtel, Reliance Communications, M&M, ICICI Bank and Tata
Motors gained 2–4%, while DLF, Hindalco Industries and Jindal Steel lost 0–1%.
Among mid caps, Rallis India, Gujarat State Petronet, FAG Bearings, 3M India
and DB Corp. gained 6–10%, while Whirlpool, SKS Microfinance, India
Securities, Indiabulls Real Estate and Amara Raja Batteries lost 2–3%.
Markets Today
The trend deciding level for the day is 18,668/5,641 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,802–18,881/5,661-5,688 levels. However, if NIFTY
trades below 18,668/5,614 levels for the first half-an-hour of trade then it may
correct up to 18,588–18,454/5,587-5,540 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices pared gains soon after a firm start triggered by a
new aid package for Greece. The market surged in the morning trade but again
pared gains after hitting a fresh intraday high in afternoon trade. The market
again hit a fresh intraday high in mid-afternoon trade. High volatility was
witnessed towards the latter part of the trading session, as the key benchmark
indices hit fresh intraday highs. The market breadth was strong. Firm global
stocks underpinned sentiment and stocks advanced after European Union
officials, on July 21, 2011, hammered out a new aid package for Greece and
plan to prevent the spread of the sovereign debt crisis. The Sensex and Nifty
closed with gains of 1.6% and 1.7%, respectively. The mid-cap and small-cap
indices closed with gains of 1.3% and 0.8%, respectively. Among the front
runners, Bharti Airtel, Reliance Communications, M&M, ICICI Bank and Tata
Motors gained 2–4%, while DLF, Hindalco Industries and Jindal Steel lost 0–1%.
Among mid caps, Rallis India, Gujarat State Petronet, FAG Bearings, 3M India
and DB Corp. gained 6–10%, while Whirlpool, SKS Microfinance, India
Securities, Indiabulls Real Estate and Amara Raja Batteries lost 2–3%.
Markets Today
The trend deciding level for the day is 18,668/5,641 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,802–18,881/5,661-5,688 levels. However, if NIFTY
trades below 18,668/5,614 levels for the first half-an-hour of trade then it may
correct up to 18,588–18,454/5,587-5,540 levels
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