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Dealer’s Diary
The key benchmark indices lost ground soon after a firm start. A bout of
volatility was witnessed as the market dropped to fresh intraday lows in
morning trade but came off lows in mid-morning trade as most Asian shares
rose. The market moved into positive zone in early afternoon trade as US index
futures surged and extended gains in afternoon trade as European shares
opened on a firm note. The market touched fresh intraday highs by extending
gains in mid-afternoon trade. A sudden fall pulled the market off the day's high
later but the market soon regained strength aided by firm global stocks with
Sensex and Nifty closing up by 1.0% each. The mid-cap and small cap indices
closed with gains of 1.0% and 1.2%, respectively. Among the front runners,
TCS, Bajaj Auto, Infosys, BHEL and Bharti Airtel gained 2-7% while, ONGC,
Cipla, NTPC, Tata Motors and Maruti Suzuki lost 1-3%. Among mid-caps, GTL
Infra, Gujarat Mineral Development Corporation, Rashtriya Chemicals, A2Z
Maintenance and Engineering and Hexaware Technologies gained 7-11%
while, KGN Industries, SKS Microfinance, Shree Global Tradefin, TV18
Broadcast and MVL lost 4-5%.
Markets Today
The trend deciding level for the day is 16,420/4,926 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,627–16,756/4,989–5,028 levels. However, if NIFTY
trades below 16,420/4,926 levels for the first half-an-hour of trade then it may
correct up to 16,291–16,084/4,887–4,824 levels
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices lost ground soon after a firm start. A bout of
volatility was witnessed as the market dropped to fresh intraday lows in
morning trade but came off lows in mid-morning trade as most Asian shares
rose. The market moved into positive zone in early afternoon trade as US index
futures surged and extended gains in afternoon trade as European shares
opened on a firm note. The market touched fresh intraday highs by extending
gains in mid-afternoon trade. A sudden fall pulled the market off the day's high
later but the market soon regained strength aided by firm global stocks with
Sensex and Nifty closing up by 1.0% each. The mid-cap and small cap indices
closed with gains of 1.0% and 1.2%, respectively. Among the front runners,
TCS, Bajaj Auto, Infosys, BHEL and Bharti Airtel gained 2-7% while, ONGC,
Cipla, NTPC, Tata Motors and Maruti Suzuki lost 1-3%. Among mid-caps, GTL
Infra, Gujarat Mineral Development Corporation, Rashtriya Chemicals, A2Z
Maintenance and Engineering and Hexaware Technologies gained 7-11%
while, KGN Industries, SKS Microfinance, Shree Global Tradefin, TV18
Broadcast and MVL lost 4-5%.
Markets Today
The trend deciding level for the day is 16,420/4,926 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,627–16,756/4,989–5,028 levels. However, if NIFTY
trades below 16,420/4,926 levels for the first half-an-hour of trade then it may
correct up to 16,291–16,084/4,887–4,824 levels
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