FIIs were net buyers with the tune of ` 25.60 crore (prov. cash market fig).
The BSE 30-share Sensex was up 434.32 points or 2.25% to 19,696.86, its highest closing level since 4 April 2011. The Sensex rose 468.83 points at the day's high of 19,731.37 in late trade. The Sensex shed 168.91 points at the day's low of 19,101.63 in early trade, its lowest level since 29 March 2011. The S&P CNX Nifty was up 125.80 points or 2.17% to 5,911.15, its highest closing since 6 January 2011. The Nifty hit high of 5,923.60 in late trade. The Nifty hit low of 5,735.55 in early trade, its lowest level since 29 March 2011. The BSE Mid-Cap index rose 1.40% and the BSE Small-Cap index advanced 1.30%. Both these indices underperformed the Sensex.
The market breadth was strong. On BSE, 1,941 shares advanced while 977 shares declined and a total of 93 shares remained unchanged. The breadth was negative at the onset of the trading session. Among the 30-member Sensex pack, 28 advanced while only two of them declined.
BSE clocked turnover of ` 3373 crore, higher than ` 2588.21 crore on Monday, 11 April 2011.
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FNO DATA:
- Nifty Call options of strike 5800 shed open interest by 30072 lots while Put options of strike 5900 had a strong build up of 56613 lots.
- Nifty Put Call ratio stands at 1.47 with the total open interest in Call options at 1,105,671 lots and that in Put options at 1,627,484 lots.
- Volatility Index fell by 3.91% from 21.24 to 20.41.
FOR TODAY: Infosys will unveil Q4 and year ended March 2011 results today and its performance and guidance will decide the direction of the market in near term. India’s monthly Inflation data for March 2011 will also be in focus. As per International Financial Reporting Standards, a total of 6 brokerages expect a growth by 3.3% to 6.7% in Infosys' consolidated net profit between ` 1839.40 crore to ` 1899.20 crore in Q4 March 2011 over Q3 December 2010. The revenue is seen rising 4.2% to 6% at between ` 7407.80 crore to ` 7531 crore in Q4 March 2011 over Q3 December 2010. TCS will declared its result on 21st whereas Wipro will announce its result on 27th April, 2011.
Any pullback in the Nifty Futures in the range of 5875 to 5825 should be used to go long. Probably the Indices to test 6150 levels in the couple of weeks. The stop loss for the trade will be at 5749 levels.
".. MORE CALLS.."
