FIIs were net sellers with the tune of ` 390.56 crore (prov. cash market fig.)
The BSE Sensex was down 115.35 points, or 0.64%, its lowest level since 25 May 2011. The Sensex lost 141.79 points at the day's low of 17,844.09 in mid-afternoon trade. The Sensex gained 78.88 points at the day's high of 18,064.76 in early trade. The S&P CNX Nifty was down 30.35 points, or 0.56% to 5,366.40, its lowest level since 25 May 2011. The Nifty hit low of 5,355.85 in mid-afternoon trade. The BSE Mid-Cap index fell 0.83% and the BSE Small-Cap index shed 0.92%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,952 shares declined while 962 shares advanced. A total of 108 shares remained unchanged. The breadth was positive earlier in the day. Among the 30-member Sensex pack, 18 stocks fell while the rest of them rose.
BSE clocked turnover of ` 2676 crore, lower than ` 2691.58 crore on Thursday, 16 June 2011.
FOR TODAY: EU markets closed on Friday last week in GREEN whereas US markets closed mixed, paring its earlier gains. Asian markets are trading mixed, but mostly on positive bias. SGX Nifty is trading at 5376 (at 8.50 a.m.), up only 3.50 indicating Nifty will open flat to positive.
WATCH 5350 AND 5328 ON THE DOWNSIDE. IF BREACHES 5328 AND CLOSED BELOW 5300 SHOULD DRAG NIFTY TO 5177 AND EVEN MUCH LOWER THAN THAT IN NEAR FUTURE. HOWEVER, A MINOR PULLBACK IS EXPECTED THIS WEEK. ON THE UPSIDE, TODAY'S RESISTANCE ARE 5420/5424 AND 5441/5445.
WATCH 5350 AND 5328 ON THE DOWNSIDE. IF BREACHES 5328 AND CLOSED BELOW 5300 SHOULD DRAG NIFTY TO 5177 AND EVEN MUCH LOWER THAN THAT IN NEAR FUTURE. HOWEVER, A MINOR PULLBACK IS EXPECTED THIS WEEK. ON THE UPSIDE, TODAY'S RESISTANCE ARE 5420/5424 AND 5441/5445.
