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Dealer’s Diary
The market came off lows amid initial volatility. The Sensex and the 50-unit
S&P CNX Nifty recovered from one-week lows. The Sensex alternately swung
between gains and losses in morning trade. Volatility ruled the roost as the key
benchmark indices recovered soon after hitting fresh intraday lows in
mid-morning trade. The market hit fresh intraday high in early afternoon trade
as index heavyweight Reliance Industries turned positive from negative.
The market slumped in afternoon trade as European stocks opened on a weak
note. The Sensex hit one-week low below the psychological 16,000 level. The
Sensex came off lows after hitting 20-month trough in mid-afternoon trade.
The Sensex and Nifty closed lower by 1.8%, and 1.6%, respectively. The
mid-cap and small-cap indices lost 1.3% and 1.1%, respectively. Among the
front runners, Maruti Suzuki, L&T, Wipro, Tata Steel and BHEL gained 1-3%,
while Coal India, ICICI Bank, Tata Motors, SBI and Mahindra & Mahindra lost
4-5%. Among mid caps, Patni Computer, Himadri Chem, Wockhardt,
S Mobility and Areva T&D gained 2-5%, while Jubilant Foodwork, Network18
Media, Pipavav Doc, Amtek Auto and Page Inds lost 6-11%.
Markets Today
The trend deciding level for the day is 15938/4790 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,130 – 16,395/4,852 – 4,932 levels. However, if NIFTY
trades below 15938/4790 levels for the first half-an-hour of trade then it may
correct up to 15,673– 15,481/4,710 – 4,649 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market came off lows amid initial volatility. The Sensex and the 50-unit
S&P CNX Nifty recovered from one-week lows. The Sensex alternately swung
between gains and losses in morning trade. Volatility ruled the roost as the key
benchmark indices recovered soon after hitting fresh intraday lows in
mid-morning trade. The market hit fresh intraday high in early afternoon trade
as index heavyweight Reliance Industries turned positive from negative.
The market slumped in afternoon trade as European stocks opened on a weak
note. The Sensex hit one-week low below the psychological 16,000 level. The
Sensex came off lows after hitting 20-month trough in mid-afternoon trade.
The Sensex and Nifty closed lower by 1.8%, and 1.6%, respectively. The
mid-cap and small-cap indices lost 1.3% and 1.1%, respectively. Among the
front runners, Maruti Suzuki, L&T, Wipro, Tata Steel and BHEL gained 1-3%,
while Coal India, ICICI Bank, Tata Motors, SBI and Mahindra & Mahindra lost
4-5%. Among mid caps, Patni Computer, Himadri Chem, Wockhardt,
S Mobility and Areva T&D gained 2-5%, while Jubilant Foodwork, Network18
Media, Pipavav Doc, Amtek Auto and Page Inds lost 6-11%.
Markets Today
The trend deciding level for the day is 15938/4790 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,130 – 16,395/4,852 – 4,932 levels. However, if NIFTY
trades below 15938/4790 levels for the first half-an-hour of trade then it may
correct up to 15,673– 15,481/4,710 – 4,649 levels.
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