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Dealer’s Diary
The market opened on a weak note as Asian stocks opened in red. A bout of
volatility was witnessed thereafter, as the key benchmark indices cut losses after
hitting fresh intraday lows in early trade. The market turned positive to strike
intraday high only to once again dip in red in mid-morning trade. The market
moved in a narrow range in early afternoon trade. The market trimmed losses
after weakening in early afternoon trade. The market weakened again in
mid-afternoon trade and weakness persisted in late trade as well. The Sensex
and Nifty closed lower by 1.5%, and 1.4%, respectively. The mid-cap and
small-cap indices, however, outperformed the broader market, as they lost
0.6% and 0.9%, respectively. Among the front runners, Bharti Airtel and RIL
gained 0-1%, while Coal India, Sterlite Inds, Tata Steel, Jindal Steel and Hero
MotoCorp lost 3-5%. Among mid caps, Dewan Housing, Honeywell Auto, SREI
Infra, Phoenix Mills and KGN Inds gained 3-7%, while Network18 Media,
Ruchi Soya, Sintex Inds, Voltas and Indiabulls Real Estate lost 6-13%.
Markets Today
The trend deciding level for the day is 16,535/4,964 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,664 – 16,875/5,004 – 5,066 levels. However, if NIFTY
trades below 16,535/4,964 levels for the first half-an-hour of trade then it may
correct up to 16,324 – 16,194/4,903 – 4,863 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 weak note as Asian stocks opened in red. A bout of
volatility was witnessed thereafter, as the key benchmark indices cut losses after
hitting fresh intraday lows in early trade. The market turned positive to strike
intraday high only to once again dip in red in mid-morning trade. The market
moved in a narrow range in early afternoon trade. The market trimmed losses
after weakening in early afternoon trade. The market weakened again in
mid-afternoon trade and weakness persisted in late trade as well. The Sensex
and Nifty closed lower by 1.5%, and 1.4%, respectively. The mid-cap and
small-cap indices, however, outperformed the broader market, as they lost
0.6% and 0.9%, respectively. Among the front runners, Bharti Airtel and RIL
gained 0-1%, while Coal India, Sterlite Inds, Tata Steel, Jindal Steel and Hero
MotoCorp lost 3-5%. Among mid caps, Dewan Housing, Honeywell Auto, SREI
Infra, Phoenix Mills and KGN Inds gained 3-7%, while Network18 Media,
Ruchi Soya, Sintex Inds, Voltas and Indiabulls Real Estate lost 6-13%.
Markets Today
The trend deciding level for the day is 16,535/4,964 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,664 – 16,875/5,004 – 5,066 levels. However, if NIFTY
trades below 16,535/4,964 levels for the first half-an-hour of trade then it may
correct up to 16,324 – 16,194/4,903 – 4,863 levels.
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