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Dealer’s Diary
The key benchmark indices slumped to 4½-month lows after the latest data
showed that food price index remained at elevated levels, stocking fears that the
RBI will continue to hike interest rates this year. The market pared gains after a
firm start, triggered by higher Asian stocks, and dipped into the red zone to hit
fresh intraday lows in morning trade. The market continued to extend losses
and hit a fresh intraday low in afternoon trade. The market slumped in late
trade to hit the 4½-month low. The key benchmark indices closed in red, with
the Sensex and Nifty losing 1.5% each. The mid-cap and small-cap indices lost
1.9% and 1.4%, respectively. Among the front liners, Tata Motors and TCS
gained 1–2%, while DLF, Sterlite Industries, Mahindra & Mahindra, RCOM and
Hindustan Unilever lost 4–5%. Among mid caps, Atlas Copco, Sterling Intl,
IBN18 Broad, Money Matters and Network18 Media gained 5–8%, while Jyothy
Lab, Sanwaria Agro, Blue Star, Deccan Chronicles and SpiceJet fell 7–12%.
Markets Today
The trend deciding level for the day is 18809/5642 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18962 – 19240/5689 - 5773 levels. However, if NIFTY
trades below 18809/5642 levels for the first half-an-hour of trade then it may
correct up to 18531 – 18378/5557 - 5511 levels.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices slumped to 4½-month lows after the latest data
showed that food price index remained at elevated levels, stocking fears that the
RBI will continue to hike interest rates this year. The market pared gains after a
firm start, triggered by higher Asian stocks, and dipped into the red zone to hit
fresh intraday lows in morning trade. The market continued to extend losses
and hit a fresh intraday low in afternoon trade. The market slumped in late
trade to hit the 4½-month low. The key benchmark indices closed in red, with
the Sensex and Nifty losing 1.5% each. The mid-cap and small-cap indices lost
1.9% and 1.4%, respectively. Among the front liners, Tata Motors and TCS
gained 1–2%, while DLF, Sterlite Industries, Mahindra & Mahindra, RCOM and
Hindustan Unilever lost 4–5%. Among mid caps, Atlas Copco, Sterling Intl,
IBN18 Broad, Money Matters and Network18 Media gained 5–8%, while Jyothy
Lab, Sanwaria Agro, Blue Star, Deccan Chronicles and SpiceJet fell 7–12%.
Markets Today
The trend deciding level for the day is 18809/5642 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18962 – 19240/5689 - 5773 levels. However, if NIFTY
trades below 18809/5642 levels for the first half-an-hour of trade then it may
correct up to 18531 – 18378/5557 - 5511 levels.
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