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Dealer’s Diary
The benchmark indices edged higher in early trade, as bargain hunting
emerged after a recent steep slide. After touching the psychological 18,000
mark, the indices retreated but hovered above the baseline until mid-morning
session. Weakness still persisted and overshadowed the positivity, thereby
drifting the indices marginally below the baseline. The indices moved on a flat
note until the early afternoon session, with alternate movements between the
positive and negative territories. On the back of ongoing macro and global
headwinds, investor sentiment dampened and a fresh wave of selling jolted the
market in mid-afternoon trade. Buoyed by pessimisms, the late trade session
turned choppy and indices extended losses for the third day in a row.
The Sensex and Nifty lost 1.4% each. The mid-cap and small-cap indices also
closed down by 0.8% and 0.6%, respectively. Among the Sensex heavyweights,
M&M, ITC, NTPC, Hindalco and Baja Auto lost 2–4%. Among mid caps,
Cox & Kings, Jindal Poly., Hindusthan National Glass & Industries, Tata Global
and FAG Bearings gained 2–6%, while Gujarat NRE Coke, India Securities,
Anant Raj Industries, HDIL and Bombay Dyeing lost 4–8%.
Markets Today
The trend deciding level for the day is 17,797 / 5,363 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,929 – 18,165 / 5,403 – 5,475 levels. However, if NIFTY
trades below 17,797 / 5,363 levels for the first half-an-hour of trade then it
may correct up to 17,561 – 17,429 / 5,292 – 5,252 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The benchmark indices edged higher in early trade, as bargain hunting
emerged after a recent steep slide. After touching the psychological 18,000
mark, the indices retreated but hovered above the baseline until mid-morning
session. Weakness still persisted and overshadowed the positivity, thereby
drifting the indices marginally below the baseline. The indices moved on a flat
note until the early afternoon session, with alternate movements between the
positive and negative territories. On the back of ongoing macro and global
headwinds, investor sentiment dampened and a fresh wave of selling jolted the
market in mid-afternoon trade. Buoyed by pessimisms, the late trade session
turned choppy and indices extended losses for the third day in a row.
The Sensex and Nifty lost 1.4% each. The mid-cap and small-cap indices also
closed down by 0.8% and 0.6%, respectively. Among the Sensex heavyweights,
M&M, ITC, NTPC, Hindalco and Baja Auto lost 2–4%. Among mid caps,
Cox & Kings, Jindal Poly., Hindusthan National Glass & Industries, Tata Global
and FAG Bearings gained 2–6%, while Gujarat NRE Coke, India Securities,
Anant Raj Industries, HDIL and Bombay Dyeing lost 4–8%.
Markets Today
The trend deciding level for the day is 17,797 / 5,363 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 17,929 – 18,165 / 5,403 – 5,475 levels. However, if NIFTY
trades below 17,797 / 5,363 levels for the first half-an-hour of trade then it
may correct up to 17,561 – 17,429 / 5,292 – 5,252 levels.
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