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Dealer’s Diary
The market edged lower amid initial volatility, reversing gains, after a higher
opening triggered by firm Asian stocks and gains in US index futures. The
barometer index BSE Sensex retracted after hitting its four-week high. The
market hit a fresh intraday low in morning trade. The market extended losses
in mid-morning trade as many Asian stocks reversed initial gains. The market
trimmed losses in early afternoon trade. A sudden sell-off that followed a
strong intraday rebound in early afternoon trade pulled the barometer index
BSE Sensex below the psychological 17,000 level in afternoon trade. The
market trimmed losses after hitting fresh intraday low in mid-afternoon trade.
The market extended losses to hit fresh intraday low in late trade. The Sensex
and Nifty closed with losses of 1.7% and 1.8%, respectively. The mid-cap and
small-cap indices ended with losses of 0.8%, respectively. Among the front
runners, Hindustan Unilever, Hero MotoCorp, ONGC, Bharti Airtel and HDFC
gained 1-3%, while Sterlite Inds, Hindalco Inds, Jaiprakash Asso, SBI and RIL
lost 3-5%. Among mid caps, GTL, GTL Infra, Arvind, Jubilant and Berger Paints
gained 6-9%, while Jindal Saw, SREI Infra, Hexaware Tech, India Cements and
KGN Inds lost 5-7%.
Markets Today
The trend deciding level for the day is 16,970/5,090 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,109 – 17,351/5,133 – 5,207 levels. However, if NIFTY
trades below 16,970/5,090 levels for the first half-an-hour of trade then it may
correct up to 16,728 – 16,589/5,016 – 4,973 level.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged lower amid initial volatility, reversing gains, after a higher
opening triggered by firm Asian stocks and gains in US index futures. The
barometer index BSE Sensex retracted after hitting its four-week high. The
market hit a fresh intraday low in morning trade. The market extended losses
in mid-morning trade as many Asian stocks reversed initial gains. The market
trimmed losses in early afternoon trade. A sudden sell-off that followed a
strong intraday rebound in early afternoon trade pulled the barometer index
BSE Sensex below the psychological 17,000 level in afternoon trade. The
market trimmed losses after hitting fresh intraday low in mid-afternoon trade.
The market extended losses to hit fresh intraday low in late trade. The Sensex
and Nifty closed with losses of 1.7% and 1.8%, respectively. The mid-cap and
small-cap indices ended with losses of 0.8%, respectively. Among the front
runners, Hindustan Unilever, Hero MotoCorp, ONGC, Bharti Airtel and HDFC
gained 1-3%, while Sterlite Inds, Hindalco Inds, Jaiprakash Asso, SBI and RIL
lost 3-5%. Among mid caps, GTL, GTL Infra, Arvind, Jubilant and Berger Paints
gained 6-9%, while Jindal Saw, SREI Infra, Hexaware Tech, India Cements and
KGN Inds lost 5-7%.
Markets Today
The trend deciding level for the day is 16,970/5,090 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,109 – 17,351/5,133 – 5,207 levels. However, if NIFTY
trades below 16,970/5,090 levels for the first half-an-hour of trade then it may
correct up to 16,728 – 16,589/5,016 – 4,973 level.
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