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Dealer’s Diary
The key benchmark indices tumbled to five-week low at the onset of the early
trade, tracing weak Asian stocks. The market breadth was weak. Investor
sentiment also seemed to be impacted on concerns about fading corporate
profitability as well as global worries over US sovereign debt. The market
continued its descend in the morning session and remained below the baseline.
Pressure was witnessed among the Sensex heavyweights – Bharti Airtel slid on
weak 1Q performance, while L&T displayed some weakness ahead of results.
The indices recovered some of the losses during the early afternoon session just
to reverse the direction later. The indices remained plunged, buoyed by
pessimisms, leading to a choppy late trade session. The Sensex and Nifty lost
0.3% and 0.7%, respectively. The mid-cap and small-cap indices also closed
down by ~1.5%. Among the front runners, RInfra., ITC, Tata Power, Hindalco
and ONGC gained 0.4–3%, while L&T, Tata Motors, DLF, Baja Auto and Jindal
Steel lost 2–4%. Among mid caps, Peninsula Land, MVL, Unichem Lab, Gujarat
Fluorochemicals and Orchid Chemicals gained 5–8%, while IVRCL, Jubilant
Foods, Sujana Towers, Wockhardt and Thermax lost 4–5%.
Markets Today
The trend deciding level for the day is 17,935/5,402 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,011 – 18,081/5,425 – 5,446 levels. However, if NIFTY
trades below 17,935/5,402 levels for the first half-an-hour of trade then it may
correct up to 17,864 – 17,789/5,382 – 5,358 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices tumbled to five-week low at the onset of the early
trade, tracing weak Asian stocks. The market breadth was weak. Investor
sentiment also seemed to be impacted on concerns about fading corporate
profitability as well as global worries over US sovereign debt. The market
continued its descend in the morning session and remained below the baseline.
Pressure was witnessed among the Sensex heavyweights – Bharti Airtel slid on
weak 1Q performance, while L&T displayed some weakness ahead of results.
The indices recovered some of the losses during the early afternoon session just
to reverse the direction later. The indices remained plunged, buoyed by
pessimisms, leading to a choppy late trade session. The Sensex and Nifty lost
0.3% and 0.7%, respectively. The mid-cap and small-cap indices also closed
down by ~1.5%. Among the front runners, RInfra., ITC, Tata Power, Hindalco
and ONGC gained 0.4–3%, while L&T, Tata Motors, DLF, Baja Auto and Jindal
Steel lost 2–4%. Among mid caps, Peninsula Land, MVL, Unichem Lab, Gujarat
Fluorochemicals and Orchid Chemicals gained 5–8%, while IVRCL, Jubilant
Foods, Sujana Towers, Wockhardt and Thermax lost 4–5%.
Markets Today
The trend deciding level for the day is 17,935/5,402 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,011 – 18,081/5,425 – 5,446 levels. However, if NIFTY
trades below 17,935/5,402 levels for the first half-an-hour of trade then it may
correct up to 17,864 – 17,789/5,382 – 5,358 levels.
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