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India Equity Research Reports, IPO and Stock News
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Dealer’s Diary
The key benchmark indices edged lower in early trade on US debt worries but
trimmed gains after reversing initial losses to hit fresh intraday high in morning
trade. Intraday volatility continued as the key benchmark indices trimmed losses
after slipping once again into red in mid-morning trade. Volatility continued as
the Sensex alternately moved between the positive and negative terrain in early
afternoon trade. The market came off lows in afternoon trade. The market
surged to a fresh intraday high in mid-afternoon trade. The market pared gains
in late trade with the Sensex and Nifty each closing up by 0.8%. The mid-cap
and small-cap indices closed with gain of 0.5% each. Among the front runners,
Reliance Communications, Bharti Airtel, M&M, Hindalco Industries and Sterlite
Industries gained 2–15%, while Cipla, ITC, HUL, Infosys and ONGC lost 0–2%.
Among mid caps, Kwality Dairy, MTNL, Sterlite Technologies, Motilal Oswal and
Tata Communication gained 5–10%, while India Securities, Gujarat State
Petronet, Patni Computer, Bajaj Electricals and Alstom Projects lost 3–5%.
Markets Today
The trend deciding level for the day is 18,825/5,666 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,979–19,086/5,715-5,750 levels. However, if NIFTY
trades below 18,825/5,666 levels for the first half-an-hour of trade then it may
correct up to 18,717–18,563/5,631-5,582 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 on US debt worries but
trimmed gains after reversing initial losses to hit fresh intraday high in morning
trade. Intraday volatility continued as the key benchmark indices trimmed losses
after slipping once again into red in mid-morning trade. Volatility continued as
the Sensex alternately moved between the positive and negative terrain in early
afternoon trade. The market came off lows in afternoon trade. The market
surged to a fresh intraday high in mid-afternoon trade. The market pared gains
in late trade with the Sensex and Nifty each closing up by 0.8%. The mid-cap
and small-cap indices closed with gain of 0.5% each. Among the front runners,
Reliance Communications, Bharti Airtel, M&M, Hindalco Industries and Sterlite
Industries gained 2–15%, while Cipla, ITC, HUL, Infosys and ONGC lost 0–2%.
Among mid caps, Kwality Dairy, MTNL, Sterlite Technologies, Motilal Oswal and
Tata Communication gained 5–10%, while India Securities, Gujarat State
Petronet, Patni Computer, Bajaj Electricals and Alstom Projects lost 3–5%.
Markets Today
The trend deciding level for the day is 18,825/5,666 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,979–19,086/5,715-5,750 levels. However, if NIFTY
trades below 18,825/5,666 levels for the first half-an-hour of trade then it may
correct up to 18,717–18,563/5,631-5,582 levels.
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