FIIs were net buyers with the tune of ` 517.33 crore on Friday, the 8th July 2011(prov. fig.)
The BSE Sensex was down 220.26 points or 1.15% to 18,858.04. The Sensex rose 53.40 points at the day's high of 19,131.70 in early trade, its highest level since 2 May 2011. The index lost 260.59 points at the day's low of 18,817.71 in late trade. The S&P CNX Nifty was down 68.30 points or 1.19% to 5,660.65. The Nifty hit a high of 5,740.40 in intraday trade, its highest level since 2 May 2011. The BSE Mid-Cap index slipped 0.61% and the BSE Small-Cap index fell 0.86%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1156 shares rose and 1770 shares declined and a total of 121 shares remained unchanged. Among the 30-member Sensex pack, 22 stocks declined while the rest of them gained.
FOR TODAY: EU markets were closed on Friday with negative bias and around 1.7-2.2% down whereas US markets were closed nearly 0.5-1 % down. Asian markets are trading negative nearly 0.5-1% down. SGX Nifty is trading at this time (8.30 am) at 5650, 14 points down suggests that Nifty may open nearly 5650-5660 i.e., flat to negative.
WATCH 5577/5580 AND 5600 ON THE DOWNSIDE WHEREAS 5705/5710 ON THE UPSIDE. ANY MOVE BEYOND THIS WILL DECIDE NIFTY TREND FOR MEDIUM TERM. TILL 5577 BREAKS, ANY DEEP FALL IS A CHANCE FOR BUYING.
