Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark opened on a firm note tracing firm Asian stocks.
US President Barack Obama's announcement of a framework agreement to lift
the nation's debt ceiling and avert a sovereign default sparked a relief rally.
The market breadth remained strong and indices floated well above the
baseline in the morning session. With investors pocketing the earlier session’s
gains, the indices slowly descended towards the baseline in early afternoon
trade. The market was sharply off the day's high in afternoon trade. In addition,
heavy sell-off was witnessed in the metal sector on the back of weak Chinese
manufacturing data. Nonetheless, the market reversed its direction in the
mid-afternoon session and stabilised in late trade with decent gains. The Sensex
and Nifty closed down by 0.6% each. The mid-cap index remained flat, while
the small-cap index closed down by 0.3%. Among the front runners, L&T,
JP Associates, ONGC, Baja Auto and M&M gained 1–2%, while Jindal Steel,
Sterlite Industries, BHEL, Cipla and HUL lost 0.4–2%. Among mid caps, Godfrey
Phillips, TVS Motor, Manappuram Finance, Cox & Kings and Gujarat Mineral
Development Corp. gained 6–10%, while Himadri Chemicals, Usha Martin,
Bajaj Electricals, Bharat Forge and India Infoline lost 6–7%.
Markets Today
The trend deciding level for the day is 18,325 / 5,518 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,430 – 18,545 / 5,550 – 5,584 levels. However, if NIFTY
trades below 18,325 / 5,518 levels for the first half-an-hour of trade then it
may correct up to 18,209– 18,104 / 5,485 – 5,453 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark opened on a firm note tracing firm Asian stocks.
US President Barack Obama's announcement of a framework agreement to lift
the nation's debt ceiling and avert a sovereign default sparked a relief rally.
The market breadth remained strong and indices floated well above the
baseline in the morning session. With investors pocketing the earlier session’s
gains, the indices slowly descended towards the baseline in early afternoon
trade. The market was sharply off the day's high in afternoon trade. In addition,
heavy sell-off was witnessed in the metal sector on the back of weak Chinese
manufacturing data. Nonetheless, the market reversed its direction in the
mid-afternoon session and stabilised in late trade with decent gains. The Sensex
and Nifty closed down by 0.6% each. The mid-cap index remained flat, while
the small-cap index closed down by 0.3%. Among the front runners, L&T,
JP Associates, ONGC, Baja Auto and M&M gained 1–2%, while Jindal Steel,
Sterlite Industries, BHEL, Cipla and HUL lost 0.4–2%. Among mid caps, Godfrey
Phillips, TVS Motor, Manappuram Finance, Cox & Kings and Gujarat Mineral
Development Corp. gained 6–10%, while Himadri Chemicals, Usha Martin,
Bajaj Electricals, Bharat Forge and India Infoline lost 6–7%.
Markets Today
The trend deciding level for the day is 18,325 / 5,518 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,430 – 18,545 / 5,550 – 5,584 levels. However, if NIFTY
trades below 18,325 / 5,518 levels for the first half-an-hour of trade then it
may correct up to 18,209– 18,104 / 5,485 – 5,453 levels
No comments:
Post a Comment