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Dealer’s Diary
The key benchmark indices pared gains after hitting 2.5-week high at the onset
of the trading session and slipped into red later. The market swung between the
positive and negative terrain near the flat line in morning trade. A steeper-thanexpected
hike of 50bp by the Reserve Bank of India (RBI) in its key lending rate
spooked the market in mid-morning trade. The market extended losses to hit
fresh intraday low in early afternoon trade. Weakness continued in afternoon
trade. The market extended losses to hit fresh intraday low in late trade, with the
Sensex and Nifty closing down by 1.9% each. The mid-cap and small-cap
indices closed down by 1.0% and 0.8%, respectively. Among the front runners,
only TCS closed in green by gaining 0.4%, while Reliance Communications,
BHEL, DLF, M&M and L&T lost 4–6%. Among mid caps, India Securities,
Ballarpur Industries, UTV Software, Ruchi Soya and Wockhardt gained 8–18%,
while Kwality Dairy, KGN Industries, GVK Power, Indiabulls Real Estate and SREI
Infrastructure Finance lost 4–7%.
Markets Today
The trend deciding level for the day is 18,648/5,612 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,815–19,111/5,665-5,755 levels. However, if NIFTY
trades below 18,648/5,612 levels for the first half-an-hour of trade then it may
correct up to 18,352–18,185/5,523-5,470 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices pared gains after hitting 2.5-week high at the onset
of the trading session and slipped into red later. The market swung between the
positive and negative terrain near the flat line in morning trade. A steeper-thanexpected
hike of 50bp by the Reserve Bank of India (RBI) in its key lending rate
spooked the market in mid-morning trade. The market extended losses to hit
fresh intraday low in early afternoon trade. Weakness continued in afternoon
trade. The market extended losses to hit fresh intraday low in late trade, with the
Sensex and Nifty closing down by 1.9% each. The mid-cap and small-cap
indices closed down by 1.0% and 0.8%, respectively. Among the front runners,
only TCS closed in green by gaining 0.4%, while Reliance Communications,
BHEL, DLF, M&M and L&T lost 4–6%. Among mid caps, India Securities,
Ballarpur Industries, UTV Software, Ruchi Soya and Wockhardt gained 8–18%,
while Kwality Dairy, KGN Industries, GVK Power, Indiabulls Real Estate and SREI
Infrastructure Finance lost 4–7%.
Markets Today
The trend deciding level for the day is 18,648/5,612 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,815–19,111/5,665-5,755 levels. However, if NIFTY
trades below 18,648/5,612 levels for the first half-an-hour of trade then it may
correct up to 18,352–18,185/5,523-5,470 levels.
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