FIIs were net sellers with the tune of ` 370.79 crore (prov. cash market fig.)
The Sensex lost 164.73 points or 0.91% to 17,847.24, its lowest closing level since 21 March 2011. The Sensex declined 225.84 points at the day's low of 17,786.13 in afternoon trade, its lowest level since 28 February 2011. The index fell 35.61 points at the day's high of 17,976.36 in early trade. The S&P CNX Nifty was down 45.90 points or 0.85% to 5,348.95, its lowest closing level since 28 February 2011. The Nifty hit a low of 5,328.70 in intraday trade.
The market breadth was weak. On BSE, 1662 shares declined while 1080 shares advanced and a total of 138 shares remained unchanged.
BSE clocked turnover of ` 2872 crore, higher than ` 2607.78 crore on Tuesday, 24 May 2011.
MAJOR RESULT OF THE DAY: TATAMOTORS, HPCL, CANARA BANK, ANSAL PROP, VIDEOIND, WELCORP, ABAN, HINDPETRO, EIL, MPHASIS, TECHMAHINDRA AND OTHERS
FOR TODAY: EU as well as US markets were closed in GREEN. Asian markets are trading in GREEN with positive bias. SGX Nifty is trading at 5358 (around 8.30 am), up 10 points suggests that Nifty may open on positive side.
BEING THE EXPIRY DAY, THE DAY MAY BE SEEN AS VOLATILE. TODAY WATCH 5389 ON THE UPSIDE AND 5300 ON THE DOWNSIDE. AROUND 5390-5400, GO SHORT FOR NIFTY FUTURE (JUNE SERIES) FOR 1-2 DAYS.
BEING THE EXPIRY DAY, THE DAY MAY BE SEEN AS VOLATILE. TODAY WATCH 5389 ON THE UPSIDE AND 5300 ON THE DOWNSIDE. AROUND 5390-5400, GO SHORT FOR NIFTY FUTURE (JUNE SERIES) FOR 1-2 DAYS.
INDIA'S WEEKLY FOOD AND FUEL INFLATION DATA FOR THE WEEK ENDED 14TH MAY, 2011 WILL BE OUT TODAY.
