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Dealer’s Diary
The key benchmark indices pared gains soon after a firm start triggered by a
rally in Asian shares and swung between gains and losses in morning trade.
The market extended losses to hit fresh intraday low in mid-morning trade but
trimmed losses in early afternoon trade. The recovery gathered steam in
afternoon trade as European shares rose in early trade and the market
regained positive terrain for a brief period. Volatility ruled the roost as the
market trimmed losses after weakening once again in mid-afternoon trade.
The market extended losses in the late trade as food inflation rose and traders
rolled over positions in the derivatives segment from the near-month August
2011 series to September 2011 series with Sensex and Nifty closing down by
0.9% and1.0%, respectively. The mid-cap and small cap indices closed down
by 0.9% and 0.8%, respectively. Among the front runners, DLF, Tata Motors,
Sun Pharma, Bharti Airtel and ONGC gained 1-3% while, Jindal Steel,
Jaiprakash Associates, Hero MotoCorp, Infosys and HDFC lost 3-5%. Among
mid-caps, Sujana Towers, Tube investments, Standard Chartered, GTL Infra
and Fortis gained 5-7% while, Deccan Chronicle, Ballarpur Industries, BGR
Energy, Manappuram Finance and India Cements lost 5-7%.
Markets Today
The trend deciding level for the day is 16,208/4,860 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,312–16,478/4,895–4,951 levels. However, if NIFTY
trades below 16,208/4,860 levels for the first half-an-hour of trade then it may
correct up to 16,043–15,939/4,804–4,769 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 soon after a firm start triggered by a
rally in Asian shares and swung between gains and losses in morning trade.
The market extended losses to hit fresh intraday low in mid-morning trade but
trimmed losses in early afternoon trade. The recovery gathered steam in
afternoon trade as European shares rose in early trade and the market
regained positive terrain for a brief period. Volatility ruled the roost as the
market trimmed losses after weakening once again in mid-afternoon trade.
The market extended losses in the late trade as food inflation rose and traders
rolled over positions in the derivatives segment from the near-month August
2011 series to September 2011 series with Sensex and Nifty closing down by
0.9% and1.0%, respectively. The mid-cap and small cap indices closed down
by 0.9% and 0.8%, respectively. Among the front runners, DLF, Tata Motors,
Sun Pharma, Bharti Airtel and ONGC gained 1-3% while, Jindal Steel,
Jaiprakash Associates, Hero MotoCorp, Infosys and HDFC lost 3-5%. Among
mid-caps, Sujana Towers, Tube investments, Standard Chartered, GTL Infra
and Fortis gained 5-7% while, Deccan Chronicle, Ballarpur Industries, BGR
Energy, Manappuram Finance and India Cements lost 5-7%.
Markets Today
The trend deciding level for the day is 16,208/4,860 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,312–16,478/4,895–4,951 levels. However, if NIFTY
trades below 16,208/4,860 levels for the first half-an-hour of trade then it may
correct up to 16,043–15,939/4,804–4,769 levels.
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