Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged lower in early trade. A bout of volatility was witnessed in
mid-morning trade as the key benchmark indices trimmed losses after hitting
fresh intraday lows. The market gradually ascended and bypassed the base
line by early afternoon trade on the back of positivity erected in the market.
Indices further strengthened on the back of strong opening of European
bourses. Media reports about German parliament’s approval on measures to
enhance the lending power and flexibility of the Eurozone bailout fund offered
strong hopes. The overall market breadth turned positive and the bourses
closed on an upbeat note. The Sensex and Nifty gained 1.5% and 1.4%,
respectively. However, the mid-cap and small-cap indices lost 0.2% and 0.1%,
respectively. Among the front runners, JP Associates, Tata Motors, Infosys,
HDFC Bank and M&M gained 3-6%, while L&T, Coal India, Sterlite, SBI and
Sun Pharma lost 1-2%. Among mid caps, HT Media, Bombay Dyeing, India
Cements, Alok Inds. and KGN Inds. gained 5-6%, while SpiceJet, Jubilant
Foods, Hathway Cable, Thermax and Shree Global Tradefin lost 5-6%.
Markets Today
The trend deciding level for the day is 16,590/ 4,985 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,864 – 17,030/ 5,064 – 5,113 levels. However, if NIFTY
trades below 16,590/ 4,985 levels for the first half-an-hour of trade then it
may correct up to 16,424 – 16,151/ 4,936 – 4,857 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The market edged lower in early trade. A bout of volatility was witnessed in
mid-morning trade as the key benchmark indices trimmed losses after hitting
fresh intraday lows. The market gradually ascended and bypassed the base
line by early afternoon trade on the back of positivity erected in the market.
Indices further strengthened on the back of strong opening of European
bourses. Media reports about German parliament’s approval on measures to
enhance the lending power and flexibility of the Eurozone bailout fund offered
strong hopes. The overall market breadth turned positive and the bourses
closed on an upbeat note. The Sensex and Nifty gained 1.5% and 1.4%,
respectively. However, the mid-cap and small-cap indices lost 0.2% and 0.1%,
respectively. Among the front runners, JP Associates, Tata Motors, Infosys,
HDFC Bank and M&M gained 3-6%, while L&T, Coal India, Sterlite, SBI and
Sun Pharma lost 1-2%. Among mid caps, HT Media, Bombay Dyeing, India
Cements, Alok Inds. and KGN Inds. gained 5-6%, while SpiceJet, Jubilant
Foods, Hathway Cable, Thermax and Shree Global Tradefin lost 5-6%.
Markets Today
The trend deciding level for the day is 16,590/ 4,985 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 16,864 – 17,030/ 5,064 – 5,113 levels. However, if NIFTY
trades below 16,590/ 4,985 levels for the first half-an-hour of trade then it
may correct up to 16,424 – 16,151/ 4,936 – 4,857 levels.
No comments:
Post a Comment