The FIIs were net sellers with sales worth Rs 386.26cr (prov. cash market fig)
Weak Global Cues and Libyan crisis affected Indian market’s sentiments negatively. Indices traded under selling pressure throughout the day. Benchmark indices closed lower today, tracking weakness in global equity markets following sharp spike in oil on account of rising geopolitical tensions in Mideast and North Africa. However, strength in Reliance on account of mega deal with British Petroleum (BP) helped in trimming the losses unlike other Asian markets, which saw cuts of nearly 2%. Sensex lost 142 points to close at 18296 while Nifty ended at 5469, down 49 points. BSE mid-cap and small-cap indices lost 0.8% and 0.7% respectively. The market breadth was negative with advances at 415 against declines of 885 on the NSE. Top Nifty gainers were RIL, Cairn India and RCom while losers included Ranbaxy, Suzlon Energy and Axis Bank.
FOR TODAY: Yesterday, following the global cues, Indian market closed nearly 1% down. EU as well as US markets closed in deep RED. All Asian markets are trading in RED except Kospi and Shanghai which are almost flat. SGX Nifty is trading around 5450, 26 points down (a slight recovery from 5444) suggesting Nifty may open around 5450 and will try to upmove towards 5500. If Nifty spot able to trade above 5455 and 5488, we may see a level above 5500 today whereas on the flipside, there are supports at 5441, 5424 and 5400 level.
BE CAUTIOUS ABOUT THE VOLATILITY SINCE THERE IS ONLY ONE DAY LEFT FOR THE FEBRUARY EXPIRY.
BE CAUTIOUS ABOUT THE VOLATILITY SINCE THERE IS ONLY ONE DAY LEFT FOR THE FEBRUARY EXPIRY.
