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Dealer’s Diary
The key benchmark indices surged to strike intraday high in late trade on
aggressive bargain hunting in index heavyweights. Volatility was high across
the globe with European markets trading firm after initial hiccup while select
Asian markets turned positive after initial declines. US index futures also cut
losses. A setback in global markets on worries of a recession in the US and the
ongoing eurozone debt crisis had weighed on early sentiment for the second
day. The Sensex rebounded into the green in afternoon trades, as IT shares
recovered. The Sensex and Nifty closed with gains of 0.9% each. The mid-cap
and small-cap indices logged gains of 0.6% and 0.7%, respectively. Among the
front runners, RIL, M&M, JP Associates, Jindal Steel and Sterlite gained 2-4%,
while DLF, Sun Pharma, Bharti Airtel, Bajaj Auto and NTPC lost 1-4%. Among
mid caps, Hexaware Tech, Educomp Sol, Polaris Soft, Amtek Auto and Gujarat
State Fert gained 6-8%, while HDIL, TV18 Broadcast, Dewan Housing, Federal
Bank and HT Media lost 2-3%.
Markets Today
The trend deciding level for the day is 16,749/5,027 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,009–17,155/5,111–5,157 levels. However, if NIFTY
trades below 16,749/5,027 levels for the first half-an-hour of trade then it may
correct up to 16,602–16,342/4,981–4,897 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices surged to strike intraday high in late trade on
aggressive bargain hunting in index heavyweights. Volatility was high across
the globe with European markets trading firm after initial hiccup while select
Asian markets turned positive after initial declines. US index futures also cut
losses. A setback in global markets on worries of a recession in the US and the
ongoing eurozone debt crisis had weighed on early sentiment for the second
day. The Sensex rebounded into the green in afternoon trades, as IT shares
recovered. The Sensex and Nifty closed with gains of 0.9% each. The mid-cap
and small-cap indices logged gains of 0.6% and 0.7%, respectively. Among the
front runners, RIL, M&M, JP Associates, Jindal Steel and Sterlite gained 2-4%,
while DLF, Sun Pharma, Bharti Airtel, Bajaj Auto and NTPC lost 1-4%. Among
mid caps, Hexaware Tech, Educomp Sol, Polaris Soft, Amtek Auto and Gujarat
State Fert gained 6-8%, while HDIL, TV18 Broadcast, Dewan Housing, Federal
Bank and HT Media lost 2-3%.
Markets Today
The trend deciding level for the day is 16,749/5,027 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,009–17,155/5,111–5,157 levels. However, if NIFTY
trades below 16,749/5,027 levels for the first half-an-hour of trade then it may
correct up to 16,602–16,342/4,981–4,897 levels.
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