He who establishes his argument by noise and command, shows that his reason is weak. – Montaigne.
FIIs were net sellers with the tune of Rs 1128.6 cr (prov. cash market fig).
The BSE 30-share Sensex was down 208.82 points or 1.14% to 18,149.87. The index lost 254.67 points at the day's low of 18,104.02 in late trade. The Sensex fell 4.42 points at the day's high of 18,354.27 in mid-morning trade. The S&P CNX Nifty was down 64.50 points or 1.17% to 5,446.65 after gyrating between 5,510.05 and 5,435.30 so far during the day. The BSE Mid-Cap index slipped 0.29% and the BSE Small-Cap index declined 0.38%. Both these indices outperformed the Sensex. The total turnover amounted to Rs 2979 crore, lower than Wednesday's Rs 3288.25 crore.
The market breadth was negative. On BSE, 1652 shares declined while 1231 shares advanced and a total of 116 shares remained unchanged. The breadth oscillated between positive and negative zone earlier in the day
FOR TODAY: EU as well as US markets cover their day before yesterday's loss on yesterday. All Asian markets are trading in GREEN territory. SGX Nifty is trading at 5494, up 15 points (at 8.45 AM), suggests that Nifty also open around 5490-5500 area and will try to cross yesterday's most crucial area 5511. If crossed with volume, we may see 5533 and 5550 level. However, since the dust have not settled yet, we may be cautious for any bad news from both National as well as International arena. On the flilp side, below 5480, 5468 and 5431 are weak support.
