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Dealer’s Diary
The market edged higher on opening amid a bout of initial volatility. Trading
remained choppy as the market regained strength to hit fresh intraday highs
soon after paring initial gains in morning trade. The market trimmed gains after
hitting fresh intraday high in mid-morning trade. The market further trimmed
gains in early afternoon trade. Weak opening of European stocks pulled Indian
shares into the red in afternoon trade, but the market soon regained the
positive zone. Intraday volatility continued as the key benchmark indices pared
gains once again after regaining strength in mid-afternoon trade as lower
European stocks weighed on sentiment. The market strengthened again in late
trade. The Sensex and Nifty closed with gains of 0.7% and 0.4%, respectively.
However, the mid-cap and small-cap indices ended with losses of 0.9% and
1.6%, respectively. Among front runners, TCS, Hero MotoCorp, Coal India,
Infosys and HDFC Bank gained 2–3%, while DLF, Maruti Suzuki, Tata Motors,
ICICI Bank and Mahindra & Mahindra lost 2–6%. Among mid caps, Sujana
Towers, Polaris Soft, VIP Inds, Balrampur Chini and Jubiliant Foods gained
5–14%, while Jet Air India, BF Utilities, Anant Raj Inds, Usha Martin and
Jyothy Lab lost 7–13%.
Markets Today
The trend deciding level for the day is 16,850/5,062 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,991–17,141/5,107–5,157 levels. However, if NIFTY
trades below 16,850/5,062 levels for the first half-an-hour of trade then it may
correct up to 16,700–16,559/5,012–4,967 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged higher on opening amid a bout of initial volatility. Trading
remained choppy as the market regained strength to hit fresh intraday highs
soon after paring initial gains in morning trade. The market trimmed gains after
hitting fresh intraday high in mid-morning trade. The market further trimmed
gains in early afternoon trade. Weak opening of European stocks pulled Indian
shares into the red in afternoon trade, but the market soon regained the
positive zone. Intraday volatility continued as the key benchmark indices pared
gains once again after regaining strength in mid-afternoon trade as lower
European stocks weighed on sentiment. The market strengthened again in late
trade. The Sensex and Nifty closed with gains of 0.7% and 0.4%, respectively.
However, the mid-cap and small-cap indices ended with losses of 0.9% and
1.6%, respectively. Among front runners, TCS, Hero MotoCorp, Coal India,
Infosys and HDFC Bank gained 2–3%, while DLF, Maruti Suzuki, Tata Motors,
ICICI Bank and Mahindra & Mahindra lost 2–6%. Among mid caps, Sujana
Towers, Polaris Soft, VIP Inds, Balrampur Chini and Jubiliant Foods gained
5–14%, while Jet Air India, BF Utilities, Anant Raj Inds, Usha Martin and
Jyothy Lab lost 7–13%.
Markets Today
The trend deciding level for the day is 16,850/5,062 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,991–17,141/5,107–5,157 levels. However, if NIFTY
trades below 16,850/5,062 levels for the first half-an-hour of trade then it may
correct up to 16,700–16,559/5,012–4,967 levels.
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