FIIs were net buyers with the tune of ` 124.38 crore (prov. cash market fig.)
The BSE Sensex was up 197.40 points or 1.11% to 18,044.64. The index jumped 225.37 points at the day's high of 18,072.61 in late trade. The Sensex rose 15.64 points at the day's low of 17,862.88 in morning trade. The S&P CNX Nifty was up 63.40 points or 1.19% to 5,412.35.
The market breadth was positive. On BSE, 1495 shares advanced while 1286 shares declined and a total of 117 shares remained unchanged. The breadth was much stronger earlier in the day. Among the 30-member Sensex pack, 24 stocks rose while the rest of them fell.
BSE clocked turnover of ` 2664 crore, lower than ` 2885.74 crore on Wednesday, 24 May 2011.
MAJOR RESULTS OF THE DAY: HDIL, NHPC, BANKOFBARODA, LML, BRITANNIA, NEYVELI LIGNITE, BINDALAGRO, NMDC, FINANTECH, FORTIS, RELIANCE POWER, RELIANCE INFRASTRUCTURE, SHREE CEMENT, HAVEL INDIA ETC.
FOR TODAY: EU markets closed mixed. US markets covered their earlier losses and closed mildly GREEN. Asian markets trading mixed today morning at this time. SGX Nifty is trading around 5424 at 8.30 am, up 28 points indicates that Nifty may open around 5424, which is also a crucial area.
THOUGH YESTERAY WE HAVE SEEN A MAMMOTH BUYING INTEREST THAT PUSHES NIFTY ABOVE 5400, BUT STILL THE BREADTH IS WEAK. index would first need to clear the resistance between 5438 and 5445 range and beyond that the next resistance level would be at 5456. However, the real tough supply zone would be between 5469 and 5482.
THOUGH YESTERAY WE HAVE SEEN A MAMMOTH BUYING INTEREST THAT PUSHES NIFTY ABOVE 5400, BUT STILL THE BREADTH IS WEAK. index would first need to clear the resistance between 5438 and 5445 range and beyond that the next resistance level would be at 5456. However, the real tough supply zone would be between 5469 and 5482.
