FIIs were net sellers with the tune of ` 201.78 crore (prov. cash market fig.)
The BSE Sensex was up 43.63 points or 0.24% to 18,420.11. The Sensex rose 82.15 points at the day's high of 18,458.63 in late trade. The index fell 118.06 points at the day's low of 18,258.42 in mid-morning trade, its lowest level since 30 May 2011. The S&P CNX Nifty was up 15.30 points or 0.28% to 5,532.05. The Nifty hit a low of 5,479.85 in intraday trade, its lowest level since 30 May 2011.
The market breadth was negative. On BSE, 1,463 shares declined while 1,341 shares advanced. A total of 103 shares remained unchanged. From the 30-share Sensex pack, 16 stocks fell and the rest rose.
BSE clocked turnover of ` 2420 crore, lower than ` 2555.97 crore on Friday, 3 June 2011.
FOR TODAY: EU markets closed mixed but with negative bias. US markets though opened flat but at the end of the day, closed with negative (DOW 0.5% down and Nasdaq is more than 1% down). Asian markets trading mixed but on negative bias at present. SGX Nifty is trading around 5509.50, down 27 points (at 8.20 AM).
NIFTY IS CONSOLIDATING FOR THE TIME BEING. TODAY'S RANGE WILL BE PROBABLY BETWEEN 5490/5500 AND 5550. BELOW 5490, 5477, 5468 AND 5450 WILL ACT AS SUPPORT. ON THE UPSIDE, ABOVE 5550, 5567, 5589 AND 5605 WILL ACT AS MAJOR RESISTANCE.
NIFTY IS CONSOLIDATING FOR THE TIME BEING. TODAY'S RANGE WILL BE PROBABLY BETWEEN 5490/5500 AND 5550. BELOW 5490, 5477, 5468 AND 5450 WILL ACT AS SUPPORT. ON THE UPSIDE, ABOVE 5550, 5567, 5589 AND 5605 WILL ACT AS MAJOR RESISTANCE.
DISCLAIMER: HOLDING TWO LOTS OF 5500PE (JUNE SERIES)
