FIIs were net sellers with the tune of ` 599.52 crore (prov. cash market fig.)
The BSE Sensex shed 146.36 points or 0.81% to 17,985.88, its lowest closing level since 25 May 2011. The Sensex rose 22.86 at the day's high of 18,155.10 in afternoon trade. The index shed 173.30 points at the day's low of 17,958.94 in late trade. The S&P CNX Nifty was down 50.75 points or 0.93% to 5,396.75, its lowest closing level since 25 May 2011. The Nifty hit low of 5,389.80 in intraday trade. The BSE Mid-Cap index fell 0.71% and the BSE Small-Cap index declined 0.54%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,749 shares declined while 1,091 shares advanced and a total of 104 shares remained unchanged. Among the 30-member Sensex pack, 22 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2764 crore, higher than ` 2676.87 crore on Wednesday, 15 June 2011.
MAJOR RESULT OF THE DAY: PFC
FOR TODAY: EU markets closed in RED whereas US markets closed mixed. Asian markets are trading mixed bias. SGX Nifty is trading at 5413, up 4.50 at 9.00 am indicating Nifty may open above 5400.
CORPORATE ADVANCE TAX INDICATES GOOD BUSINESS FROM INDIAN BOURSES. HOWEVER, THE INDICES ARE NOW TRADING BELOW ALL SHORT AND LONG TERM MOVING AVERAGES. THE HOURLY CHARTS ARE IN OVERSOLD TERRITORY NOW. WATCH 5370/5350 LEVEL ON DOWNSIDE WHEREAS ON THE UPSIDE, 5441/5468 ARE MAJOR RESISTANCE FOR TODAY.
