FIIs were net sellers with the tune of ` 24.73 crore (prov. cash market fig.)
The BSE Sensex lost 116.36 points or 0.63% to 18,268.54, its lowest level since 30 May 2011. The Sensex rose 14.12 points at the day's high of 18,399.02 in early trade. The index fell 202 points at the day's low of 18,182.90 in early afternoon trade. The S&P CNX Nifty was down 36.45 points or 0.66% to 5,484.60, its lowest level since 30 May 2011. The Nifty hit a low of 5,457.45 in intraday trade. The BSE Mid-Cap index fell 0.34% and the BSE Small-Cap index declined 0.46%. Both these indices outperformed the Sensex.
The market breadth, indicating the health of the market, was weak. On BSE, 1659 shares declined while 1204 shares advanced. A total of 109 shares remained unchanged. The breadth was positive earlier in the day. Among the 30-member Sensex pack, 25 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2624 crore, higher than ` 2359.01 crore on Thursday, 9 June 2011.
MAJOR RESULTS OF THE DAY: IDEA
FOR TODAY: EU as well as US markets closed in deep RED, between 1.2-1.8% down. Asian markets are trading in RED except KOSPI, which is slightly in GREEN but with negative bias. SGX Nifty is trading around 5462.50, down 23 points (at 8.20 am) suggesting Nifty may open a gap down and will try to find way on its own.
TODAY WATCH 5460, 5451, 5442, 5423 AND 5401 ON THE DOWN SIDE. ON THE UPSIDE, 5489 WILL NOW ACT AS A RESISTANCE. ABOVE 5489, 5524 IS MAJOR SUPPORT ZONE.
NOTE: ALWAYS PLACE PROPER STOPLOSS. 