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Dealer’s Diary
The market lost ground soon after a positive start as Asian stocks reversed
initial gains. Volatility ruled the roost as key benchmark indices slipped into the
red once again after hitting fresh intraday highs in morning trade after news of
Moody's downgrade of ratings of two French banks (Societe Generale and
Credit Agricole) hit the market. The market surged to a fresh intraday high in
afternoon trade as European stock markets shook off early losses, triggered by
Moody's downgrade of the long-term debt rating of two French banks. Intraday
volatility continued as key benchmark indices trimmed gains after hitting fresh
intraday highs in mid-afternoon trade. The market surged to a fresh intraday
high towards the fag end of the trading session. The Sensex and Nifty ended
with gains of 1.5% each. The mid-cap and small-cap indices closed with gains
of 0.2% and 0.4%, respectively. Among the front runners, Jaiprakash Asso,
Infosys, Wipro, Hindustan Unilever and HDFC Bank gained 3–6%, while Tata
Power, L&T, Cipla, Bharti Airtel and SBI lost 1–2%. Among mid caps,
Hindusthan Nat, A2Z Maint & Engg, Deccan Chron, Madras Cements and
Hexaware Tech gained 7–8%, while GTL, Pantaloon Retl, KGN Inds, GTL Infra
and Opto Circuits lost 3–11%.
Markets Today
The trend deciding level for the day is 16,617/4,985 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,847 – 16,984/5,053 – 5,094 levels. However, if NIFTY
trades below 16,617/4,985 levels for the first half-an-hour of trade then it may
correct up to 16,480 – 16,250/4,945 – 4,877 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market lost ground soon after a positive start as Asian stocks reversed
initial gains. Volatility ruled the roost as key benchmark indices slipped into the
red once again after hitting fresh intraday highs in morning trade after news of
Moody's downgrade of ratings of two French banks (Societe Generale and
Credit Agricole) hit the market. The market surged to a fresh intraday high in
afternoon trade as European stock markets shook off early losses, triggered by
Moody's downgrade of the long-term debt rating of two French banks. Intraday
volatility continued as key benchmark indices trimmed gains after hitting fresh
intraday highs in mid-afternoon trade. The market surged to a fresh intraday
high towards the fag end of the trading session. The Sensex and Nifty ended
with gains of 1.5% each. The mid-cap and small-cap indices closed with gains
of 0.2% and 0.4%, respectively. Among the front runners, Jaiprakash Asso,
Infosys, Wipro, Hindustan Unilever and HDFC Bank gained 3–6%, while Tata
Power, L&T, Cipla, Bharti Airtel and SBI lost 1–2%. Among mid caps,
Hindusthan Nat, A2Z Maint & Engg, Deccan Chron, Madras Cements and
Hexaware Tech gained 7–8%, while GTL, Pantaloon Retl, KGN Inds, GTL Infra
and Opto Circuits lost 3–11%.
Markets Today
The trend deciding level for the day is 16,617/4,985 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,847 – 16,984/5,053 – 5,094 levels. However, if NIFTY
trades below 16,617/4,985 levels for the first half-an-hour of trade then it may
correct up to 16,480 – 16,250/4,945 – 4,877 levels.
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