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Dealer’s Diary
The key benchmark indices nudged higher in opening trade as most Asian
stocks reversed initial losses and soon extended initial gains. The market
further extended gains to hit a fresh intraday high in morning trade and
moved in a narrow range in mid-morning trade. The market remained firm
in early afternoon trade and hit fresh intraday highs in afternoon trade as
European stocks bounced back soon after a weak opening. The market
extended gains to hit a fresh intraday high in mid-afternoon trade and
spurted to a 1.5-week high in late trade as European stocks rose and as US
index futures jumped, buoyed by expectations that Greece will receive the
next aid tranche from international creditors as well as hopes that the Federal
Reserve may announce fresh measures to stimulate the economy. The Sensex
and Nifty ended with gains of 2.1% and 2.2%, respectively. The mid-cap and
small-cap indices closed up by 0.9% and 1.2%, respectively. Among the front
runners, Hindalco Industries, TCS, SBI, RIL and DLF gained 3-4%, while
ONGC and BHEL lost 0-3%. Among mid caps, Rajesh Exports, Shree Global
Trading, Religare Enterprises, Deccan Chronicle and Sunteck Realty gained
6-13%, while Nava Bharat Ventures, Alfa Level, Bajaj Hindustan, Godrej
Properties and NCC lost 3-5%.
Markets Today
The trend deciding level for the day is 16,998/5,108 levels. If Nifty trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,237–17,375/5,182–5,223 levels. However, if Nifty
trades below 16,998/5,108 levels for the first half-an-hour of trade then it
may correct up to 16,860–16,621/5,067–4,994 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices nudged higher in opening trade as most Asian
stocks reversed initial losses and soon extended initial gains. The market
further extended gains to hit a fresh intraday high in morning trade and
moved in a narrow range in mid-morning trade. The market remained firm
in early afternoon trade and hit fresh intraday highs in afternoon trade as
European stocks bounced back soon after a weak opening. The market
extended gains to hit a fresh intraday high in mid-afternoon trade and
spurted to a 1.5-week high in late trade as European stocks rose and as US
index futures jumped, buoyed by expectations that Greece will receive the
next aid tranche from international creditors as well as hopes that the Federal
Reserve may announce fresh measures to stimulate the economy. The Sensex
and Nifty ended with gains of 2.1% and 2.2%, respectively. The mid-cap and
small-cap indices closed up by 0.9% and 1.2%, respectively. Among the front
runners, Hindalco Industries, TCS, SBI, RIL and DLF gained 3-4%, while
ONGC and BHEL lost 0-3%. Among mid caps, Rajesh Exports, Shree Global
Trading, Religare Enterprises, Deccan Chronicle and Sunteck Realty gained
6-13%, while Nava Bharat Ventures, Alfa Level, Bajaj Hindustan, Godrej
Properties and NCC lost 3-5%.
Markets Today
The trend deciding level for the day is 16,998/5,108 levels. If Nifty trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,237–17,375/5,182–5,223 levels. However, if Nifty
trades below 16,998/5,108 levels for the first half-an-hour of trade then it
may correct up to 16,860–16,621/5,067–4,994 levels.
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