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Dealer’s Diary
The key benchmark indices opened on a weak note as eurozone debt worries
resurfaced. The market weakened once again after recovering from intraday
lows in morning trade. The market moved in a tight range in the negative
terrain in mid-morning trade and extended losses to hit fresh intraday low in
early afternoon trade. Weakness prevailed in afternoon trade as European
stocks opened on a weak note and continued in mid-afternoon trade. The
market trimmed losses after hitting fresh intraday low in late trade. The key
benchmark indices snapped thee-day winning streak as world stocks fell after
a meeting of European finance ministers over the weekend made no
progress toward resolving eurozone debt crisis, with the Sensex and Nifty
ending down by 1.1% and 1.0%, respectively. The mid-cap and small-cap
indices closed down by 0.3% and 0.02%, respectively. Among the front
runners, Maruti Suzuki, Jaiprakash Associates, Wipro, Hero MotoCorp and
Bharti Airtel gained 0-3%, while Sterlite Industries, L&T, Sun Pharma, ICICI
Bank and DLF lost 2-4%. Among mid caps, Alfa Level, GTL, Sun Pharma
Advanced Research Company, BOC India and BF Utilities gained 4-20%,
while Shree Global Trading, Pantaloon Retail, KGN Industries, Simplex
Infrastructures and IVRCL lost 3-7%.
Markets Today
The trend deciding level for the day is 16,774/5,040 levels. If Nifty trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,838–16,930/5,060–5,089 levels. However, if Nifty
trades below 16,774/5,040 levels for the first half-an-hour of trade then it
may correct up to 16,681–16,617/5,011–4,991 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices opened on a weak note as eurozone debt worries
resurfaced. The market weakened once again after recovering from intraday
lows in morning trade. The market moved in a tight range in the negative
terrain in mid-morning trade and extended losses to hit fresh intraday low in
early afternoon trade. Weakness prevailed in afternoon trade as European
stocks opened on a weak note and continued in mid-afternoon trade. The
market trimmed losses after hitting fresh intraday low in late trade. The key
benchmark indices snapped thee-day winning streak as world stocks fell after
a meeting of European finance ministers over the weekend made no
progress toward resolving eurozone debt crisis, with the Sensex and Nifty
ending down by 1.1% and 1.0%, respectively. The mid-cap and small-cap
indices closed down by 0.3% and 0.02%, respectively. Among the front
runners, Maruti Suzuki, Jaiprakash Associates, Wipro, Hero MotoCorp and
Bharti Airtel gained 0-3%, while Sterlite Industries, L&T, Sun Pharma, ICICI
Bank and DLF lost 2-4%. Among mid caps, Alfa Level, GTL, Sun Pharma
Advanced Research Company, BOC India and BF Utilities gained 4-20%,
while Shree Global Trading, Pantaloon Retail, KGN Industries, Simplex
Infrastructures and IVRCL lost 3-7%.
Markets Today
The trend deciding level for the day is 16,774/5,040 levels. If Nifty trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,838–16,930/5,060–5,089 levels. However, if Nifty
trades below 16,774/5,040 levels for the first half-an-hour of trade then it
may correct up to 16,681–16,617/5,011–4,991 levels
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