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Dealer’s Diary
The key benchmark indices opened strong on expected lines as most global
indices traded positive in anticipation of further monetary easing by the
US Federal Reserve. Markets were volatile with sharp bouts of buying and
selling witnessed throughout the session, but the range was narrow. A positive
opening by European indices in the afternoon session further buoyed the
positive sentiment. Indices managed to hold on to their gains and closed at
three-week highs. The Sensex and Nifty ended the session with healthy gains of
0.6% and 0.7%, respectively. BSE mid-cap and small-cap indices also witnessed
buying, posting gains of 0.6% and 0.7%, respectively. Among the front liners,
Sterlite Inds., Tata Motors, ACC, SBI and HDFC gained 2-4%, while Cipla,
RCOM, RIL, JP Associates and NTPC lost 0-1%.
Markets Today
The trend deciding level for the day is 20477 / 6163 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20528 – 20590 / 6180 - 6199 levels. However, if NIFTY
trades below 20477 / 6163 levels for the first half-an-hour of trade then it may
correct up to 20415 – 20364 / 6144 - 6128 levels
Economic and Political News
NCDEX starts index for agri futures
October M&A at US $650mn, lowest in 12 months: VCCEdge
DoT extends subscriber verification deadline to December 31
Corporate News
Parsvnath, Red Fort Capital launch `225cr office building in Delhi
Videocon forays into insurance with Liberty Mutual
Ansal API plans to raise up to `400cr from PE deals
ABB bags US $32mn order
Pipavav Shipyard gets license to construct warships
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
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