Dealer’s Diary
The benchmark indices opened flat in early morning trades and remained range bound through the morning session. The Sensex gained towards late morning trades and ruled positive through the post noon session. Towards close, markets surged as buying was witnessed in the IT, auto, metal and banking counters. The Sensex and Nifty ended with gains of 1.2% each. The BSE mid- and small-cap indices closed 0.9% and 0.7% higher, respectively. Among the front-liners, Hindalco, Tata Motors, HDFC, HDFC Bank and ONGC gained 2–5%, while RCOM, RIL, M&M, Cipla and NTPC lost 0–1%. Among the mid caps, Gujarat Narmada Valley, State Bank of Mysore, GSFC and State Bank of Travancore gained 7–9%, while Thomas Cook, Simplex Infra and Edelweiss Cap declined 4–5%.
Markets Today
The trend deciding level for the day is 18204/5461 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18340–18422/5506–5533 levels. However, if NIFTY trades below 18204/5461 levels for the first half-an-hour of trade then it may correct up to 18121–17985/5435–5390 levels.
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