FIIs were net sellers with the tune of ` 181.55 crore (prov. cash market fig.)
The BSE 30-share Sensex was up 184.69 points or 1.02% to 18,326.09. The index gained 288.07 points at the day's high of 18,429.47 in mid-afternoon trade. The Sensex rose 19.98 points at the day's low of 18,161.38 in early trade. The S&P CNX Nifty was up 56.25 points or 1.04% to 5,486.35. The BSE Mid-Cap index rose 0.61% and the BSE Small-Cap index gained 0.49%. Both these indices underperformed the Sensex.
The market breadth was positive. On BSE, 1548 shares gained while 1288 shares declined and a total of 117 shares remained unchanged. The breadth was much stronger at the onset of the trading session. From 30-member Sensex pack, 27 shares gained while three of them declined.
BSE clocked turnover of ` 2764 crore, higher than ` 2432.79 crore on Thursday, 19 May 2011.
MAJOR RESULT OF THE DAY: BHEL, TATA CHEMICALS, JB CHEMICALS, MAHINDRA SATYAM, KTKBANK, DISHTV, BAJAJELECTRICALS, BALAJITELE, KINGFISHER, GAIL, HOTELELA, KFA.
FOR TODAY: EU as US markets were closed on Friday in RED with negative bias. All Asian markets are trading today morning down nearly 1-1.2%. SGX Nifty is trading at this time (8 am) at 5427.50, down 51.50 indicates that Nifty may open a big gap down, likely to be 5424 area. On last Friday, we have observed Nifty spot faced a strong resistance at 5524 and finally closed at 5486.
TODAY WATCH 5500 AND AGAIN 5515-5524 LEVEL ON THE UPSIDE. IF NIFTY CROSSED 5524 LEVEL DECISIVELY WITH VOLUME THEN WE MAY EXPECT 5550. HOWEVER, IF NIFTY CANNOT ABLE TO CROSS THESE LEVEL AND BREACHED 5424 LEVEL AGAIN, WE MAY SEE 5400 LEVEL ON THE DOWN SIDE.
