A man who has committed a mistake and doesn't correct it, is committing another mistake. -Confucius
FIIs were net sellers with the tune of ` 711.86 crore (prov. cash market fig).
The BSE 30-share Sensex was down 96.66 points or 0.49% to 19,448.69. The Sensex fell 132.56 points at the day's low of 19,412.79 in mid-afternoon trade. The index gained 88.28 points at the day's high of 19,633.33 in early trade. The S&P CNX Nifty was down 34.50 points or 0.59% to 5,833.90. The BSE Mid-Cap index fell 0.01%. The BSE Small-Cap index was flat. Both these indices outperformed the Sensex.
The market breadth, indicating the health of the market, was negative. On BSE, 1561 shares declined while 1317 shares advanced. A total of 108 shares remained unchanged. The breadth was strong earlier in the day. Among the 30-member Sensex pack, 23 declined while the rest advanced.
BSE clocked turnover of ` 3228 crore, higher than ` 3114.10 crore on Tuesday, 26 April 2011.
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Among the major companies, LIC Housing Finance, ICICI Bank, Bank of Baroda, Vijaya Bank, Bata India, JSW Energy, Crompton Greaves, Biocon, Nagarjuna Fertilizer, Navneet Publications are scheduled to announce result today.
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FOR TODAY: EU markets closed yesterday on positive bias. US markets paired their early losses and ended in GREEN as a result of FED leaves interest rates unchanged.
All Asian markets are trading positively. At 8.30 am, SGX Nifty trading at 5884, up 48 points suggests that Nifty may open a gap up.
DUE TO EXPIRY DAY OF THE APRIL SERIES, WILD VOLATILITY MAY BE SEEN.
YESTERDAY'S LOW 5820 AND 5800 WILL ACT AS STRONG SUPPORT TODAY WHEREAS ON THE UPSIDE 5900/5926 LEVEL MAY BE SEEN AS A GOOD SUPPLY ZONE.
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