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Dealer’s Diary
The key benchmark indices slipped into the red soon after a positive start and
extended losses in early trade as Asian stocks fell. The market bounced back in
morning trade but soon came off highs as Asian stocks fell. The market once
again slipped into the red after regaining positive zone for a short while in midmorning
trade and hit a fresh intraday low in early afternoon trade. The market
bounced back in afternoon trade as European shares moved into positive zone
after opening lower and hit a fresh intraday high in mid-afternoon trade. The
market extended gains in late trade to strike fresh intraday high. Gains in
European shares and higher US index futures aided a recovery in battered
Indian shares with Sensex and Nifty closing up by 1.2% and 1.1%, respectively.
The mid-cap and small cap indices closed with gains of 1.3% and 1.5%,
respectively. Among the front runners, Jaiprakash Associates, ONGC, Wipro,
Tata Power and Bajaj Auto gained 3-5% while, DLF, HDFC Bank, Infosys, TCS
and M&M lost 0-2%. Among mid-caps, Orchid Chemicals, Shree Renuka
Sugars, Spicejet, Dewang Housing and Aban Offshore gained 8-11% while,
Ramky Infra, Nava Bharat Ventures, Aurobindo Pharma, 3M India and KGN
Industries lost 5-16%.
Markets Today
The trend deciding level for the day is 16,253/4,873 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,459–16,577/4,936–4,974 levels. However, if NIFTY
trades below 16,253/4,873 levels for the first half-an-hour of trade then it may
correct up to 16,135–15,929/4,835–4,771 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices slipped into the red soon after a positive start and
extended losses in early trade as Asian stocks fell. The market bounced back in
morning trade but soon came off highs as Asian stocks fell. The market once
again slipped into the red after regaining positive zone for a short while in midmorning
trade and hit a fresh intraday low in early afternoon trade. The market
bounced back in afternoon trade as European shares moved into positive zone
after opening lower and hit a fresh intraday high in mid-afternoon trade. The
market extended gains in late trade to strike fresh intraday high. Gains in
European shares and higher US index futures aided a recovery in battered
Indian shares with Sensex and Nifty closing up by 1.2% and 1.1%, respectively.
The mid-cap and small cap indices closed with gains of 1.3% and 1.5%,
respectively. Among the front runners, Jaiprakash Associates, ONGC, Wipro,
Tata Power and Bajaj Auto gained 3-5% while, DLF, HDFC Bank, Infosys, TCS
and M&M lost 0-2%. Among mid-caps, Orchid Chemicals, Shree Renuka
Sugars, Spicejet, Dewang Housing and Aban Offshore gained 8-11% while,
Ramky Infra, Nava Bharat Ventures, Aurobindo Pharma, 3M India and KGN
Industries lost 5-16%.
Markets Today
The trend deciding level for the day is 16,253/4,873 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,459–16,577/4,936–4,974 levels. However, if NIFTY
trades below 16,253/4,873 levels for the first half-an-hour of trade then it may
correct up to 16,135–15,929/4,835–4,771 levels
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