US markets are closed on Monday, 4 July 2011, for Independence Day holiday.
FIIs were net buyers with the tune of ` 599.34 crore on Friday (prov. fig.)
The BSE Sensex fell 83.07 points or 0.44% to settle at 18,762.80. The index fell 132.80 points at the day's low of 18,713.07 in afternoon trade, its lowest level since 29 June 2011. The Sensex jumped 185.51 points at the day's high of 19,031.38 in early trade, its highest level since 2 May 2011. The S&P CNX Nifty was down 20.20 points or 0.36% to 5,627.20. The Nifty hit high of 5,705.80 in intraday trade, its highest level since 3 May 2011. The BSE Mid-Cap index was up 0.69% and the BSE Small-Cap index rose 0.83%. Both these indices outperformed the Sensex. The BSE Mid-Cap has risen 5.79% in six sessions from a recent low of 6,524.21 on 23 June 2011. The BSE Small-Cap has risen 5.69% in six sessions from a recent low of 7,781.94 on 23 June 2011.
The market breadth was positive. On BSE, 1,700 shares advanced while 1,152 shares declined and a total of 132 shares remained unchanged. Among the 30-member Sensex pack, 17 stocks rose while the rest of them fell.
FOR TODAY: EU markets were closed in GREEN nearly 1% up on last Friday wehreas US markets were closed with 1.3-1.5% up. Asian markets are trading GREEN. SGX Nifty is trading at 5681, 48 points up indicating that Nifty may open around 5680 level.
WATCH AGAIN 5700/5706 LEVEL (FRIDAY'S HIGH) ON THE UPSIDE. IF CROSSED DECISIVELY WITH VOLUME, DON'T SHORT. ON THE DOWNSIDE, 5611/5600 WILL ACT AS A MAJOR SUPPORT. HOWEVER, NO SUCH BIG MOVES MAY BE SEEN AS US MARKETS ARE CLOSED TODAY DUE TO INDEPENDENCE DAY HOLIDAY.
WATCH AGAIN 5700/5706 LEVEL (FRIDAY'S HIGH) ON THE UPSIDE. IF CROSSED DECISIVELY WITH VOLUME, DON'T SHORT. ON THE DOWNSIDE, 5611/5600 WILL ACT AS A MAJOR SUPPORT. HOWEVER, NO SUCH BIG MOVES MAY BE SEEN AS US MARKETS ARE CLOSED TODAY DUE TO INDEPENDENCE DAY HOLIDAY.
