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Dealer’s Diary
The market opened on a firm note tracing a rally in Asian stocks stocks,
triggered by reports that European policy makers are considering new plans to
support European countries struggling with debt. This bolstered the otherwise
weak sentiment that circled the markets for a while. In addition, reports about
the Finance Ministry’s consideration over some tax cuts on equities to lower
transaction costs and broaden participation in the market boosted the
sentiment. The market breadth remained strong and increased buying was
witnessed in infrastructure, auto and metal stocks, which had witnessed steep
slides. The indices held their firm ground and continued their gradual ascend
in the afternoon session. The market closed on a strong note with the Sensex
and the Nifty gaining 3.0% and 2.8%, respectively. The mid-cap and small-cap
indices also gained 1.6% and 1.4%, respectively. Among the front runners,
DLF, JP Associates, Tata Motors, RIL and Hindalco gained 4-8%. There were no
majors losers in the Sensex. Among mid caps, Hathway Cable, Dewan
Housing, Sun Pharma Advanced Research Com., Rajesh Exports and Hexaware
Technologies gained 7-17%, while Shree Global Tradefin, Pipav Shipyard,
Jyothy Labs, Kirloskar Oil Engines and Manappuram Finance lost 2-10%.
Markets Today
The trend deciding level for the day is 16,453/4,953 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,623 – 16,722/5,001 – 5,031 levels. However, if NIFTY
trades below 16,453/4,953 levels for the first half-an-hour of trade then it may
correct up to 16,354 – 16,184/4,923 – 4,875 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market opened on a firm note tracing a rally in Asian stocks stocks,
triggered by reports that European policy makers are considering new plans to
support European countries struggling with debt. This bolstered the otherwise
weak sentiment that circled the markets for a while. In addition, reports about
the Finance Ministry’s consideration over some tax cuts on equities to lower
transaction costs and broaden participation in the market boosted the
sentiment. The market breadth remained strong and increased buying was
witnessed in infrastructure, auto and metal stocks, which had witnessed steep
slides. The indices held their firm ground and continued their gradual ascend
in the afternoon session. The market closed on a strong note with the Sensex
and the Nifty gaining 3.0% and 2.8%, respectively. The mid-cap and small-cap
indices also gained 1.6% and 1.4%, respectively. Among the front runners,
DLF, JP Associates, Tata Motors, RIL and Hindalco gained 4-8%. There were no
majors losers in the Sensex. Among mid caps, Hathway Cable, Dewan
Housing, Sun Pharma Advanced Research Com., Rajesh Exports and Hexaware
Technologies gained 7-17%, while Shree Global Tradefin, Pipav Shipyard,
Jyothy Labs, Kirloskar Oil Engines and Manappuram Finance lost 2-10%.
Markets Today
The trend deciding level for the day is 16,453/4,953 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,623 – 16,722/5,001 – 5,031 levels. However, if NIFTY
trades below 16,453/4,953 levels for the first half-an-hour of trade then it may
correct up to 16,354 – 16,184/4,923 – 4,875 levels.
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