The Government will unveil data on industrial production for April 2011 today i.e., on Friday, 10 June 2011. Economists expect 5.7% growth in Industrial Production in April 2011 according to a poll carried out by Capital Market. The Industrial Production data for April 2011 will be released with new 2004-05 as base year. The new series is based on 500 items many of which are new products that didn't exist in the production basket two decades ago. The Industrial Production had risen 7.3% in March 2011.
FIIs were net sellers with the tune of ` 24.73 crore (prov. cash market fig.) on Thursday, the 9th June, 2011.
The BSE Sensex lost 9.39 points or 0.05% to 18,384.90, its lowest closing level since 3 June 2011. The Sensex rose 55.35 points at the day's high of 18,449.64 in morning trade. The index fell 67.28 points at the day's low of 18,327.01 in early afternoon trade. The S&P CNX Nifty was down 5.80 points or 0.1% to 5,521.05, its lowest closing level since 3 June 2011. The Nifty hit a low of 5,502.05 in intraday trade. The BSE Mid-Cap index fell 0.12% and underperformed the Sensex. The BSE Small-Cap index rose 0.08% and outperformed the Sensex.
The market breadth, indicating the health of the market, was negative. On BSE, 1424 shares declined while 1386 shares advanced. A total of 117 shares remained unchanged. The breadth was positive at the onset of the trading session. Among the 30-member Sensex pack, 19 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2344 crore, lower than ` 2602.06 crore on Wednesday, 8 June 2011.
FOR TODAY: EU as well as US markets closed in GREEN. Asian markets are trading mixed. Interestingly, SGX Nifty is trading at 5513.50 at 8.55 a.m., down 8.50 indicates that Nifty may open flat to negative and will try to cover.
WATCH 5500/5480 ON THE DOWN SIDE AND 5546/5577 ON THE UPSIDE.
WATCH 5500/5480 ON THE DOWN SIDE AND 5546/5577 ON THE UPSIDE.
