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Dealer’s Diary
Despite closing in deep red, Indian equity benchmarks recovered more than
half of their losses in the second half of the trade, outperforming global peers.
A weak opening pulled the indices downwards in the opening trade. The
market extended losses in morning trade. Volatility continued in early afternoon
trade. The market once again trimmed losses after sliding to a fresh intraday
low in afternoon trade. Volatility ruled the roost as the key benchmark indices
weakened once again after staging a strong intraday rebound in midafternoon
trade. The Sensex and Nifty closed with losses of 0.6% and 0.5%,
respectively. The mid-cap and small-cap indices logged gains of 0.5% and
0.2%, respectively. Among the front runners, Hero MotoCorp,
JP Associates, Bajaj Auto, Jindal Steel and Tata Steel gained 1-5%, while
Wipro, ONGC, Infosys, RIL and Sterlite lost 2-4%. Among mid caps, BF
Utilities, Alfa Laval, Sujana Towers, SpiceJet and Amtek Auto gained 7-17%,
while KEC Intl., KGN Inds, Polaris Soft, Bhushan Steel and Bajaj Electricals lost
4-5%.
Markets Today
The trend deciding level for the day is 16,678/5,004 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,795–16,877/5,044–5,070 levels. However, if NIFTY
trades below 16,678/5,004 levels for the first half-an-hour of trade then it may
correct up to 16,597–16,480/4,978–4,938 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
Despite closing in deep red, Indian equity benchmarks recovered more than
half of their losses in the second half of the trade, outperforming global peers.
A weak opening pulled the indices downwards in the opening trade. The
market extended losses in morning trade. Volatility continued in early afternoon
trade. The market once again trimmed losses after sliding to a fresh intraday
low in afternoon trade. Volatility ruled the roost as the key benchmark indices
weakened once again after staging a strong intraday rebound in midafternoon
trade. The Sensex and Nifty closed with losses of 0.6% and 0.5%,
respectively. The mid-cap and small-cap indices logged gains of 0.5% and
0.2%, respectively. Among the front runners, Hero MotoCorp,
JP Associates, Bajaj Auto, Jindal Steel and Tata Steel gained 1-5%, while
Wipro, ONGC, Infosys, RIL and Sterlite lost 2-4%. Among mid caps, BF
Utilities, Alfa Laval, Sujana Towers, SpiceJet and Amtek Auto gained 7-17%,
while KEC Intl., KGN Inds, Polaris Soft, Bhushan Steel and Bajaj Electricals lost
4-5%.
Markets Today
The trend deciding level for the day is 16,678/5,004 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,795–16,877/5,044–5,070 levels. However, if NIFTY
trades below 16,678/5,004 levels for the first half-an-hour of trade then it may
correct up to 16,597–16,480/4,978–4,938 levels.
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