CONGRATULATIONS “TEAM INDIA” FOR MAKING A HISTORY. INDIA IS THE FIRST HOSTS TO WIN WORLD CUP WITH HIGHEST EVER RUN CHASE IN FINAL.The victory marked India's first cricket world cup title in 28 years and followed an historic semifinal match against archrival Pakistan. India was also able to avenge its loss to Sri Lanka in the 1996 World Cup.
"It's the ultimate thing and I'm experiencing it," said Indian great Sachin Tendulkar. "I couldn't have asked for anything better. It's the proudest moment of my life."India was desperate for this victory; the humiliation of the Commonwealth Games corruption scandal was still fresh; the country's recent diplomatic successes – not least towards a permanent seat on the UN Security Council – has been overshadowed by fresh concerns about its aspiration to be regarded as a first world nation.
FIIs were net buyers with the tune of ` 415.28 crore (prov. cash market fig).
The BSE 30-share Sensex was down 24.83 points or 0.13% to 19,420.39. The index gained 117.33 points at the day's high of 19,562.55 in early trade. The Sensex fell 62.87 points at the day's low of 19,382.35 in mid-afternoon trade. The S&P CNX Nifty was down 7.70 points or 0.13% to 5,826.05. The BSE Mid-Cap index was up 1.59% and the BSE Small-Cap index was up 2.23%. Both these indices outperformed the Sensex. The BSE Mid-Cap index had surged 500.17 points or 7.84% to 6,873.40 and the BSE Small-Cap index had risen 358.57 points or 4.58% to 8,175.89 in March 2011. Both these indices had underperformed the Sensex in that month.
The market breadth was strong. On BSE, 2194 shares advanced while 712 shares declined and a total of 86 shares remained unchanged. The total turnover on BSE amounted to ` 2945 crore, lower than ` 3227 crore on Thursday. Among the 30-member Sensex pack, 16 gained while the rest declined.
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FNO DATA:
FNO DATA:
High put option open interest build up of around 4.4 mn and 4.0 mn is seen at 5700 and 5600 strikes respectively, indicating that they will act as strong supports.
High call option open interest build up of around 4.5 mn and 2.4 mn is seen at 6000 and 6100 strikes respectively, indicating that they will act as strong resistances.
Nifty is trading at a premium of 35-36 points as compared to a premium of 26-27 points as of the previous trading week.
The PCR for Nifty based on open interest was down at 1.30 as compared to 1.52 as of the previous trading week.
The PCR for Nifty based on Volumes was up at 1.30 as compared to 1.08 as of the previous trading week. Nifty Futures open interest saw a decrease of around 12.46%.
FOR TODAY: All Asian markets are trading positive. SGX Nifty is trading around 5875, 10 points up. Today Nifty range will be probably between 5770 to 5895. If breaks 5895, we may see 5959/6017 shortly. On the downside, if 5800, 5770 breaches, we may see even 5700 in this week. In Index Futures FII’s were net buyers to the tune of ` 6155 crore with an open interest increase of around ` 702 crore as compared to net buying of ` 2102 crore with an open interest increase of around ` 480 crore as of the previous trading week.
