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 opened in green following positive global market
cues and continued to trade in a range-bound manner in morning trade. Soon
the market pared some of its gains on reports that domestic inflation continues
to rule at elevated levels. This led to concerns among investors that the central
bank may persist with its monetary tightening policy to contain inflation. The
indices continued to slide downwards and soon traded in red in the
mid-afternoon session as European markets opened in red. The market
slumped to a fresh intraday low before recovering slightly and closed the
trading session close to the low levels of the day. The Sensex and Nifty fell for
the third straight session and closed with losses of 0.7% each. The mid-cap and
small-cap indices underperformed the broader market and closed lower by
1.8% and 2.1%, respectively. Among the front runners, TCS, BHEL, Bharti Airtel,
ITC and Infosys gained 0–3%, while Jaiprakash Associates, DLF, Hindalco,
HDFC and Cipla lost 2–8%. Among mid caps, Gujarat Fluorochemicals,
Jubiliant Foodworks, Allcargo Global, Dish TV and Wabco TVS gained 3–9%,
while IVRCL, Sujana Towers, SpiceJet, NCC and HDIL lost 11–18%.
Markets Today
The trend deciding level for the day is 16,813/5,061 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,953 – 17,175/5,107 – 5,178 levels. However, if NIFTY
trades below 16,813/5,061 levels for the first half-an-hour of trade then it may
correct up to 16,591 – 16,451/4,990 – 4,944 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 and continued to trade in a range-bound manner in morning trade. Soon
the market pared some of its gains on reports that domestic inflation continues
to rule at elevated levels. This led to concerns among investors that the central
bank may persist with its monetary tightening policy to contain inflation. The
indices continued to slide downwards and soon traded in red in the
mid-afternoon session as European markets opened in red. The market
slumped to a fresh intraday low before recovering slightly and closed the
trading session close to the low levels of the day. The Sensex and Nifty fell for
the third straight session and closed with losses of 0.7% each. The mid-cap and
small-cap indices underperformed the broader market and closed lower by
1.8% and 2.1%, respectively. Among the front runners, TCS, BHEL, Bharti Airtel,
ITC and Infosys gained 0–3%, while Jaiprakash Associates, DLF, Hindalco,
HDFC and Cipla lost 2–8%. Among mid caps, Gujarat Fluorochemicals,
Jubiliant Foodworks, Allcargo Global, Dish TV and Wabco TVS gained 3–9%,
while IVRCL, Sujana Towers, SpiceJet, NCC and HDIL lost 11–18%.
Markets Today
The trend deciding level for the day is 16,813/5,061 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,953 – 17,175/5,107 – 5,178 levels. However, if NIFTY
trades below 16,813/5,061 levels for the first half-an-hour of trade then it may
correct up to 16,591 – 16,451/4,990 – 4,944 levels.
No comments:
Post a Comment