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Dealer’s Diary
The market opened on a firm note, however it soon pared gains. Intraday
volatility continued as the market trimmed losses after slipping into the red to
hit a fresh intraday low in morning trade. The market once again trimmed
losses after sliding to a fresh intraday low in mid-morning trade. Volatility
continued in early afternoon trade as key benchmark indices weakened once
again after recouping almost the entire intraday losses. The market trimmed
losses in afternoon trade as European shares opened on a firm note. The
market surged in late trade on news reports that the government has eased
rules on overseas borrowing. The Sensex and Nifty ended with gains of 1.0%
and 1.3%, respectively. The mid-cap and small-cap indices closed with gains of
0.6% and 0.3%, respectively. Among the front runners, Tata Motors, DLF, SBI,
HDFC and Sterlite Inds gained 2-6%, while L&T, BHEL, Hindustan Unilever,
Maruti Suzuki and Tata Steel 1-2%. Among mid caps, Jai Corp., BGR Energy,
TVS Motor, Shree Global Trd and DB Realty gained 6-16%, while Marico, TTK
Prestige, IPCA Lab, SREI Infra and KGN Inds lost 5-10%.
Markets Today
The trend deciding level for the day is 16,781/5,045 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,017 – 17,158/5,122 – 5,169 levels. However, if NIFTY
trades below 16,781/5,045 levels for the first half-an-hour of trade then it may
correct up to 16,641 – 16,405/4,998 – 4,921 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, however it soon pared gains. Intraday
volatility continued as the market trimmed losses after slipping into the red to
hit a fresh intraday low in morning trade. The market once again trimmed
losses after sliding to a fresh intraday low in mid-morning trade. Volatility
continued in early afternoon trade as key benchmark indices weakened once
again after recouping almost the entire intraday losses. The market trimmed
losses in afternoon trade as European shares opened on a firm note. The
market surged in late trade on news reports that the government has eased
rules on overseas borrowing. The Sensex and Nifty ended with gains of 1.0%
and 1.3%, respectively. The mid-cap and small-cap indices closed with gains of
0.6% and 0.3%, respectively. Among the front runners, Tata Motors, DLF, SBI,
HDFC and Sterlite Inds gained 2-6%, while L&T, BHEL, Hindustan Unilever,
Maruti Suzuki and Tata Steel 1-2%. Among mid caps, Jai Corp., BGR Energy,
TVS Motor, Shree Global Trd and DB Realty gained 6-16%, while Marico, TTK
Prestige, IPCA Lab, SREI Infra and KGN Inds lost 5-10%.
Markets Today
The trend deciding level for the day is 16,781/5,045 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,017 – 17,158/5,122 – 5,169 levels. However, if NIFTY
trades below 16,781/5,045 levels for the first half-an-hour of trade then it may
correct up to 16,641 – 16,405/4,998 – 4,921 levels.
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