FIIs were net sellers with the tune of ` 379.44 crore.
The BSE 30-share Sensex was down 51.15 points or 0.28% to 18,086.20, its closing lowest level since 22 March 2011. The index fell 116.56 points at the day's low of 18,020.79 in afternoon trade. The Sensex gained 80.85 points at the day's high of 18,218.20 in early trade. The S&P CNX Nifty was down 18.35 points or 0.34% to 5,420.60, its lowest closing level since 22 March 2011. The Nifty hit a low 5,401.25 in intraday trade. The BSE Mid-Cap index declined 0.61% and the BSE Small-Cap index fell 0.8%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1764 shares declined while 1017 shares advanced and a total of 132 shares remained unchanged. Among the 30-member Sensex pack, 16 declined while the rest of them advanced.
The total turnover on BSE amounted to ` 2605 crore, lower than ` 2797.54 crore on Tuesday, 17 May 2011..
MAJOR RESULTS OF THE DAY: LT, CHENPETRO, ASHOKLEY, LAKSHVILAS, VOLTAS, JETAIRWAYS, WOCKPHARMA, EMAMILTD, TATAPOWER, SREINFRA.
FOR TODAY: EU as well as US markets were closed yesterday nearly 0.6-1% up. All Asian markets were closed also in GREEN yesterday. Today, Asian markets are trading on positive bias except Nikkei and Kospi. SGX Nifty is trading at this time (8.45 am) at around 5430, only 3 points up.
Today Nifty may open on positive note and will try to cover some of its losses made in the last three days. Nifty is facing its first resistance around 5464-5470 area. If it crosses decisively with strength, we may see 5500-5510 area which is also a crucial resistance. On the downside, it has great support at 5400. Below it, we may see 5378/5349 area.
Today Nifty may open on positive note and will try to cover some of its losses made in the last three days. Nifty is facing its first resistance around 5464-5470 area. If it crosses decisively with strength, we may see 5500-5510 area which is also a crucial resistance. On the downside, it has great support at 5400. Below it, we may see 5378/5349 area.
