FIIs were net buyers with the tune of ` 253.48 crore (prov. cash market fig.)
The BSE Sensex was down 34.04 points or 0.19% to 18,232.06. The Sensex jumped 114.07 points at the day's high of 18,380.17 in early trade, its highest level since 20 May 2011. The index fell 66.58 points at the day's low of 18,199.52 in mid-morning trade. The S&P CNX Nifty was down 3 points or 0.05% to 5,473.10. The Nifty hit high of 5,509.30 in early trade, its highest level since 20 May 2011. The BSE Mid-Cap index rose 0.85% and the BSE Small-Cap index gained 0.55%. Both these indices outperformed the Sensex.
The market breadth, indicating the health of the market, was positive. On BSE, 1,646 shares advanced while 1,150 shares declined. A total of 109 shares remained unchanged. Among the 30-member Sensex pack, 16 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2456 crore, lower than ` 3237.72 crore on Friday, 27 May 2011.
MAJOR RESULTS OF THE DAY: STERLINBIO, BEML etc.
FOR TODAY: The Government will unveil Q4 March 2011 GDP data today. The data could provide cues on the likely monetary policy stance of the Central Bank at the mid-June 2011 review.
US and UK markets were shut yesterday for Memorial Day and spring bank holiday respectively. Rest of the European markets closed with modest cuts after trading in green for most part of the trading session. Shares of renewable energy companies soared after the reports that Germany will close all its nuclear plants by 2022. Gold touched a three-week high on Greek woes. All Asian markets are trading in GREEN and SGX Nifty is trading at 5484.50 (at 8.30 am), up 17.50 indicating Nifty may open a gap-up today morning and obviously try to surpass 5500 again. Yesterday was second lowest volume in the year 2011 traded whereas FII's was net buyer.
US and UK markets were shut yesterday for Memorial Day and spring bank holiday respectively. Rest of the European markets closed with modest cuts after trading in green for most part of the trading session. Shares of renewable energy companies soared after the reports that Germany will close all its nuclear plants by 2022. Gold touched a three-week high on Greek woes. All Asian markets are trading in GREEN and SGX Nifty is trading at 5484.50 (at 8.30 am), up 17.50 indicating Nifty may open a gap-up today morning and obviously try to surpass 5500 again. Yesterday was second lowest volume in the year 2011 traded whereas FII's was net buyer.
WATCH 5520/5531 ON THE UPSIDE CAREFULLY. IF SURPASS WITH VOLUME, GO LONG FOR A TARGET OF 5550/5600. ON THE DOWNSIDE, 5440/5430 MAY ACT A STRONG SUPPORT. BELOW THAT GO SHORT FOR A TARGET 5400 AS OF NOW.
