FIIs were net sellers with the tune of ` 464.03 crore on Friday, the 29th July 2011(prov. fig.); FII are net buyers with the tune of ` 3930.12 crore in the month of July, 2011.
The BSE Sensex lost 12.32 points or 0.07% to settle at 18,197.20, its lowest closing level since 23 June 2011. The Sensex rose 124.75 points at the day's high of 18,334.27 in morning trade, its highest level since Wednesday, 27 July 2011. The index fell 77.66 points at the day's low of 18,131.86 in early trade. The S&P CNX Nifty was down 5.75 points or 0.1% to 5,482, its lowest closing level since 24 June 2011. The Nifty hit low of 5,453.95 in intraday trade. The Nifty hit a high of 5,520.30 in intraday trade, its highest level since Wednesday, 27 July 2011. The BSE Mid-Cap index fell 0.68% and the BSE Small-Cap index declined 0.67%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,764 shares fell and 1,122 shares rose and a total of 115 shares remained unchanged. The breadth was positive earlier in the day. From the 30 share Sensex pack, 18 stocks fell and the rest rose.
FOR TODAY: Nifty breached its support at 5500 on weekly basis and closed at 5482. OI data suggests that Nifty may trade between 5350 to 5750 for the time being since huge open interest (nearly 6 million) build up at 5400 put and 5700 calls.
WATCH TODAY 5453/5440 ON THE DOWNSIDE AND 5496/5520 ON THE UPSIDE.
