FIIs were net buyers with the tune of ` 1447.42 crore (prov. fig.)
The BSE Sensex rose 171.73 points or 0.94% to settle at 18,412.41, its highest closing since 7 June 2011. The Sensex jumped 253.43 points at the day's high of 18,494.11 in afternoon trade. The index fell 107.98 points at the day's low of 18,132.70 in early trade. The S&P CNX Nifty rose 55.35 points or 1.01% to 5,526.60, its highest closing since 8 June 2011. The Nifty hit high of 5,552.65 in intraday trade. The BSE Mid-Cap index was up 0.82% and the BSE Small-Cap index rose 0.80%. Both these indices underperformed the Sensex.
The market breadth was positive. On BSE, 1,636 shares advanced while 1,193 shares declined and a total of 116 shares remained unchanged. Among the 30-member Sensex pack, 23 stocks rose while the rest of them fell.
BSE clocked turnover of ` 2553 crore, lower than ` 2830.49 crore on Friday, 24 June 2011.
FOR TODAY: Another day of strong closing (Yesterday) confirms that the last two-day's up-move wasn't a smokescreen. EU markets closed mixed yesterday whereas US markets closed up nearly 0.9 and 1.4% for DOW and NASDAQ respectively. Asian markets are trading mixed, mostly flat to positive bias. SGX Nifty is trading at this time (9 am) around 5552, up 15.50 points indicates Nifty may open around 5550 area, which is also a crucial area.
WATCH NIFTY SPOT FOR 5577 AND 5605 LEVEL ON THE UPSIDE WHEREAS 5511 AND 5480 WILL ACT AS A STRONG SUPPORT FOR TODAY.
