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Dealer’s Diary
A retreat from the day's high in late trade capped gains in key benchmark
indices after a strong intraday surge. The recent resumption of buying by
foreign funds along with upbeat European and Asian markets and positive US
index futures supported gains. Firm Asian markets and the recent resumption
of buying by foreign funds triggered a firm start on domestic bourses. Mild
volatility was seen in the first half of the day's trading session as the barometer
index moved above and below the psychological 17,000 mark. The market
breadth, indicating the overall health of the market, was strong. The Sensex
and Nifty closed with gains of 1.2% each. The mid-cap and small-cap indices
logged gains of 1.2% and 1.5%, respectively. Among the front runners, JP
Associates, HDFC Bank, Coal India, Tata Power and NTPC gained 3-8%, while
ITC, M&M, Infosys, Bajaj Auto and HUL lost 0-1%. Among mid caps, IVRCL
Infra, Tata Invest, Eicher Motors, Torrent Pharma and Abbott India gained 7-
15%, while Jubiliant Food, Infotech Enter, Redington India, GMDC and TTK
Prestige lost 3-4%.
Markets Today
The trend deciding level for the day is 17,048/5,118 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,174–17,283/5,161–5,197 levels. However, if NIFTY
trades below 17,048/5,118 levels for the first half-an-hour of trade then it may
correct up to 16,939–16,813/5,082–5,040 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
A retreat from the day's high in late trade capped gains in key benchmark
indices after a strong intraday surge. The recent resumption of buying by
foreign funds along with upbeat European and Asian markets and positive US
index futures supported gains. Firm Asian markets and the recent resumption
of buying by foreign funds triggered a firm start on domestic bourses. Mild
volatility was seen in the first half of the day's trading session as the barometer
index moved above and below the psychological 17,000 mark. The market
breadth, indicating the overall health of the market, was strong. The Sensex
and Nifty closed with gains of 1.2% each. The mid-cap and small-cap indices
logged gains of 1.2% and 1.5%, respectively. Among the front runners, JP
Associates, HDFC Bank, Coal India, Tata Power and NTPC gained 3-8%, while
ITC, M&M, Infosys, Bajaj Auto and HUL lost 0-1%. Among mid caps, IVRCL
Infra, Tata Invest, Eicher Motors, Torrent Pharma and Abbott India gained 7-
15%, while Jubiliant Food, Infotech Enter, Redington India, GMDC and TTK
Prestige lost 3-4%.
Markets Today
The trend deciding level for the day is 17,048/5,118 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,174–17,283/5,161–5,197 levels. However, if NIFTY
trades below 17,048/5,118 levels for the first half-an-hour of trade then it may
correct up to 16,939–16,813/5,082–5,040 levels.
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