India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices extended losses for the second straight day as data
showing selling by foreign funds on Tuesday, December 7, 2010, marred
sentiment. As per a newspaper report stating that oil marketing companies are
likely to hike fuel prices following rise in global crude oil prices stoked inflation
concerns. Volatility was high in the second half of the trading session. The
market breadth was weak. All the sectoral indices on BSE were in the red with
shares from realty, consumer durables, metal, banking and auto pack leading
the fall. The Sensex and Nifty closed with losses of 1.2% each. BSE mid-cap and
small-cap indices fell down by 2.2% and 3.2%, respectively. Among the front
liners, only ONGC and Tata Motors managed to close in the green with gains
of 0–1%, while Reliance Communication, Jaiprakash Asso., HDFC Bank, DLF
and Tata Steel lost 2–3%. Among mid caps, Amtek Auto, SBBJ, MVL, Berger
Paints and Britannia Inds gained 3–9%, while Ruchi Soya, Glodyne Tech,
KS Oils, IRB Infra and Shree Renuka Sugars lost 8–27%.
Markets Today
The trend deciding level for the day is 19,763/5,920 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 19,915–20,133/5,961–6,018 levels. However, if NIFTY
trades below 19,763/5,920 levels for the first half-an-hour of trade then it may
correct up to 19,545–19,393/5,863–5,822 levels.
No comments:
Post a Comment