MANY MANY HAPPY RETURNS OF THE DAY, MUSTAFA (MUSTI). MY BEST WISHES TO YOU....
DUE TO BLOGGER PROBLEM, I WAS NOT ABLE TO POST ANYTHING ON THE EXPIRY DAY RIGHT FROM THE MORNING. EVEN I WAS UNABLE TO LOG IN FOR THE BLOG. TRIED MY BEST FROM IE, CHROME AS WELL AS FROM FIREFOX BROWSER.
DUE TO BLOGGER PROBLEM, I WAS NOT ABLE TO POST ANYTHING ON THE EXPIRY DAY RIGHT FROM THE MORNING. EVEN I WAS UNABLE TO LOG IN FOR THE BLOG. TRIED MY BEST FROM IE, CHROME AS WELL AS FROM FIREFOX BROWSER.
WATCHING FII MONEY INFLOW FOR THE LAST FEW DAYS (FROM 23.06.2011), ONE SHOULD THINK AS TO WHY MARKET WILL NOT FALL ESPECIALLY ON EXPIRY DAY.......IF NOT ANY SPECIAL REASON IS THERE.......
FIIs were net buyers with the tune of ` 1591.34 crore on 30.06.2011(prov. fig.)
The BSE Sensex surged 152.01 points or 0.81% to settle at 18,845.87, its highest closing level since 2 May 2011. The Sensex jumped 179.53 points at the day's high of 18,873.39 in late trade. The index rose 29.28 points at the day's low of 18,723.14 in mid-morning trade. The S&P CNX Nifty was up 46.95 points or 0.84% to 5,647.40, its highest closing level since 2 May 2011. The Nifty hit high of 5,657.90 in late trade. The BSE Mid-Cap index rose 0.32% and the BSE Small-Cap index gained 0.57%. Both these indices underperformed the Sensex.
The market breadth was positive. On BSE, 1,514 shares advanced while 1,347 shares declined. A total of 133 shares remained unchanged. The breadth was much stronger at the onset of the trading session. Among the 30-member Sensex pack, 21 stocks rose while the rest of them fell. Jaiprakash Associates, Tata Power Company, Reliance Communications and Larsen & Toubro rose by 1.22% to 3.79%.
BSE clocked turnover of ` 2662 crore, lower than ` 3088.41 crore on Wednesday, 29 June 2011.
FOR TODAY: Monsoon updates and monthly figures for June-2011 for automobiles, cement, steel etc. to be released from July 1st, will determine the direction of the market today.
EU as well as US markets closed in GREEN, between 0.5-1.5% up. All Asian markets are trading with positive bias and in GREEN. SGX Nifty is trading at this time (8.15 am) around 5696, up 44 points. It made a high 5712 and a low of 5683 till time. It is obvious that Nifty will open a gap-up at par with global cues and will try to move above 5700.
WATCH 5700/5714/5721 ON THE UPSIDE SINCE THEY ARE MINOR RESISTANCES AND ON THE DOWNSIDE, 5608/5611 WILL ACT A MAJOR SUPPORT FOR TODAY.
EU as well as US markets closed in GREEN, between 0.5-1.5% up. All Asian markets are trading with positive bias and in GREEN. SGX Nifty is trading at this time (8.15 am) around 5696, up 44 points. It made a high 5712 and a low of 5683 till time. It is obvious that Nifty will open a gap-up at par with global cues and will try to move above 5700.
WATCH 5700/5714/5721 ON THE UPSIDE SINCE THEY ARE MINOR RESISTANCES AND ON THE DOWNSIDE, 5608/5611 WILL ACT A MAJOR SUPPORT FOR TODAY.
