Stocks on Dalal Street look to recover from losses incurred on Tuesday. Expect a flat to negative opening in the first hour of trade. It is getting tough for the indices to move higher from the current levels, as it is getting hard to find buyers at the current levels. Nifty could not keep the 5,300 level for more than a day, and is looking weak unless we see a convincing move up and a close above the 5,300 level.
We have witnessed sudden spurt in selling activity towards the end of the day, especially in the final hour. Realty stocks were surprise winners with DLF Ltd and MSK Projects remaining big winners in this space. Tata Motors was another heavy weight that showed promise in a falling market on news of the company planning a price hike of its cars and successful conversion of debt.
BAG Films, Geojit Paribas and Hindustan Copper were some of the stocks that looked strong even in a weak market. Overall, a dull day of trade is in the offing, with possibility of a slight correction.