Dealer’s Diary
The benchmark indices closed with a small gain, aided by global cues, in a choppy trading session. World stocks rose after US President Obama moderated his tone on bank restrictions. Capital goods stocks fell, while healthcare, banking, realty and metal stocks rose. The BSE Sensex and the NSE Nifty were up by 0.1% and 0.3%, respectively. The BSE Mid-cap index was up by 0.2%, while the Small-cap index was down by 0.2%. Among the front-liners, Tata Steel, Wipro, DLF, Sun Pharma and HDFC were up by 2-5%, while Bharti Airtel, RCOM, L&T, JP Associates and HUL were down by 1-2%. In the Mid cap segment, Oriental Bank, Max India, Gujarat NRE Coke, Pantaloon and Torrent Pharma were up by 5-10%, while Aban Offshore, Deccan Chronicle, Everest Kanto, IOB and Praj Industries were down by 6-8%.
The trend deciding level for the day is 16338/4874 levels. NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 16494–16680/4923–4979 levels. However, if NIFTY trades below 16338/4874 levels for the first half-an-hour of trade then it may correct up to 16151–15995/4818–4769 levels.
Economic and Political News
DoT awaiting Law Ministry nod for 3G auction
Govt. okays 14 FDI proposals worth Rs 732 cr
New date for GST in April
Tata inks JV with Japan’s Nippon Steel
Mahindra Satyam seeks CLB nod to hive animation division
HPCL plans to set up Rs 25,000 cr refinery
1 comment:
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