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FIIs were net sellers with the tune of ` 1178.66 crore (prov. cash market fig).
The BSE 30-share Sensex tumbled 463.33 points or 2.44% to 18,534.69, its lowest closing level since 24 March 2011. The Sensex lost 485.60 points at the day's low of 18,502.42, in late trade. The index rose 26.93 points at the day's high of 19,024.95 in morning trade. The S&P CNX Nifty was down 136.05 points or 2.39% to 5,565.25, its lowest closing level since 24 March 2011. The Nifty hit a low of 5,554.85 in late trade. The BSE Mid-Cap index fell 1.86% and the BSE Small-Cap index declined 2.08%. Both these indices outperformed the Sensex.
The market breadth, indicating the health of the market, was quite weak. On BSE, 2119 shares declined while 704 shares advanced. A total of 101 shares remained unchanged. Among the 30-member Sensex pack, 29 declined while only one rose.
BSE clocked turnover of ` 3097 crore, higher than ` 2421.42 crore on Monday, 2 May 2011.
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FNO DATA:
- Nifty Call options of strike 5700 added open interest by 61516 lots while Put options of strike 5600 had a build up of 13670 lots.
- Nifty Put Call ratio stands at 1.34 with the total open interest in Call options at 859,944 lots and that in Put options at 1,153,822 lots.
- Volatility Index rose by 3.35% from 20.88 to 21.94
The key benchmark indices fell significantly as the RBI raised the key interest rates - the repo-Rate and the reverse repo-rate by 50 basis points, which was more than the expected hike of 25 basis points
EU as well as US markets were closed mixed with negative bias. All Asian markets are trading negative. SGX Nifty is trading at 5525.50, 37 points down suggesting Nifty may open gap down.
EU as well as US markets were closed mixed with negative bias. All Asian markets are trading negative. SGX Nifty is trading at 5525.50, 37 points down suggesting Nifty may open gap down.
Broadly, Nifty is likely to take support in the 5480-5550 zone. A breach of 5480 would open the gates for 5250. On intraday basis, Nifty may try to take a support around 5510 area and probably around that area, some buy may be emerging.
