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Dealer’s Diary
The key benchmark indices started the day on a firm note but soon slipped into
red for a brief period and again regained the positive terrain in early trade.
Intraday volatility continued as the market recovered after slipping into red once
again to hit fresh intraday low in morning trade. The market alternately swung
between gains and losses in mid-morning trade. The market slumped to hit
fresh intraday low in early afternoon trade. Key benchmark indices extended
intraday losses to hit their lowest level in more than two weeks in early
afternoon trade as European stocks fell in early trade. The market trimmed
losses in late trade with the Sensex and Nifty closing down by 0.5% each.
The mid-cap index closed up by 0.2%, while the small-cap index remained flat.
Among the front runners, Maruti Suzuki, Reliance Communications, HDFC,
Bharti Airtel and DLF gained 1–3%, while BHEL, Jaiprakash Associates,
Hindalco Industries, Wipro and Reliance Infrastructure lost 2–5%. Among
mid caps, Marico, CRISIL, Akzo Nobel India, MVL and Madras Cements gained
5–7%, while SKS Microfinance, IRB Infrastructure, Sobha Developers, Indiabulls
Real Estate and IOB lost 4–8%.
Markets Today
The trend deciding level for the day is 18,457/5,553 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,554–18,676/5,585-5,624 levels. However, if NIFTY
trades below 18,457/5,553 levels for the first half-an-hour of trade then it may
correct up to 18,334–18,237/5,515-5,483 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices started the day on a firm note but soon slipped into
red for a brief period and again regained the positive terrain in early trade.
Intraday volatility continued as the market recovered after slipping into red once
again to hit fresh intraday low in morning trade. The market alternately swung
between gains and losses in mid-morning trade. The market slumped to hit
fresh intraday low in early afternoon trade. Key benchmark indices extended
intraday losses to hit their lowest level in more than two weeks in early
afternoon trade as European stocks fell in early trade. The market trimmed
losses in late trade with the Sensex and Nifty closing down by 0.5% each.
The mid-cap index closed up by 0.2%, while the small-cap index remained flat.
Among the front runners, Maruti Suzuki, Reliance Communications, HDFC,
Bharti Airtel and DLF gained 1–3%, while BHEL, Jaiprakash Associates,
Hindalco Industries, Wipro and Reliance Infrastructure lost 2–5%. Among
mid caps, Marico, CRISIL, Akzo Nobel India, MVL and Madras Cements gained
5–7%, while SKS Microfinance, IRB Infrastructure, Sobha Developers, Indiabulls
Real Estate and IOB lost 4–8%.
Markets Today
The trend deciding level for the day is 18,457/5,553 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,554–18,676/5,585-5,624 levels. However, if NIFTY
trades below 18,457/5,553 levels for the first half-an-hour of trade then it may
correct up to 18,334–18,237/5,515-5,483 levels.
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