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Dealer’s Diary
The key benchmark indices edged lower in early trade, ahead of worries about
supply disruption, given the ongoing unrest in Libya. Volatility was witnessed as
the key benchmark indices weakened further and hit the day’s low. However,
the market trimmed some of the losses in mid-morning trade after hitting fresh
intraday lows as latest data showed services activity expanded at its fastest clip
in three months in February 2011 and supported by firm Asian stocks. The
indices reversed their direction and held the positive zone in afternoon trade as
oil retreated on rumours of a possible plan to end fighting in Libya. Volatility
resurfaced with indices exhibiting alternate movements in positive and negative
territories. The market ended in green with the Sensex and Nifty posting slight
gains of 0.2% and 0.3%, respectively. The mid-cap and small-cap indices also
gained 0.3% and 0.2%, respectively. Among the front liners, JP Associates,
BHEL, RCOM, L&T, Tata Power and NTPC gained around 3%, while Reliance
Infra., Bharti Airtel, Infosys, Tata Steel and Sterlite lost 2–3%. Among mid caps,
Bajaj Finserve, Deccan Chronicle, Essar Ship Ports, United Bank of India and
IVR Infra gained 7–20%, while S Kumar Nation, Torrent Pharma, Bajaj Corp.,
Info Edge India and Prestige Estates lost 4–6%.
Markets Today
The trend deciding level for the day is 18449 / 5525 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18644 – 18799 / 5582 - 5628 levels. However, if NIFTY
trades below 18449 / 5525 levels for the first half-an-hour of trade then it may
correct up to 18294 – 18099 / 5479 - 5423 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices edged lower in early trade, ahead of worries about
supply disruption, given the ongoing unrest in Libya. Volatility was witnessed as
the key benchmark indices weakened further and hit the day’s low. However,
the market trimmed some of the losses in mid-morning trade after hitting fresh
intraday lows as latest data showed services activity expanded at its fastest clip
in three months in February 2011 and supported by firm Asian stocks. The
indices reversed their direction and held the positive zone in afternoon trade as
oil retreated on rumours of a possible plan to end fighting in Libya. Volatility
resurfaced with indices exhibiting alternate movements in positive and negative
territories. The market ended in green with the Sensex and Nifty posting slight
gains of 0.2% and 0.3%, respectively. The mid-cap and small-cap indices also
gained 0.3% and 0.2%, respectively. Among the front liners, JP Associates,
BHEL, RCOM, L&T, Tata Power and NTPC gained around 3%, while Reliance
Infra., Bharti Airtel, Infosys, Tata Steel and Sterlite lost 2–3%. Among mid caps,
Bajaj Finserve, Deccan Chronicle, Essar Ship Ports, United Bank of India and
IVR Infra gained 7–20%, while S Kumar Nation, Torrent Pharma, Bajaj Corp.,
Info Edge India and Prestige Estates lost 4–6%.
Markets Today
The trend deciding level for the day is 18449 / 5525 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18644 – 18799 / 5582 - 5628 levels. However, if NIFTY
trades below 18449 / 5525 levels for the first half-an-hour of trade then it may
correct up to 18294 – 18099 / 5479 - 5423 levels.
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