FIIs were net sellers with the tune of ` 969.44 crore on Tuesday, the 12h July 2011(prov. fig.). This was the first day in July and after 22nd June, 2011 that FII were net sellers.
The BSE Sensex lost 309.77 points or 1.65% to settle at 18,411.62, its lowest closing level since 24 June 2011. The index lost 394.97 points at the day's low of 18,326.42 in afternoon trade. The Sensex fell 132.20 points at the day's high of 18,589.19 in mid-morning trade. The S&P CNX Nifty was down 89.95 points or 1.6% to settle at 5,526.15, its lowest closing level since 24 June 2011 The Nifty hit a low of 5,496.95 in intraday trade. The BSE Mid-Cap index slipped 1.09% and the BSE Small-Cap index fell 0.94%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1880 shares declined and 969 shares advanced and a total of 120 shares remained unchanged.
FOR TODAY: EU as well as US markets were closed in RED though DOW has mostly covered its losses. Finally, DOW and NASDAQ closed 0.5-0.8% down. All Asian markets are trading in GREEN today morning and SGX Nifty is trading at 5548, 22 points up suggests that Nifty may open between 5541-5550 area.
WATCH 5560 AND 5580 ON THE UPSIDE WHEREAS ANY DEEP FALL NEAR 5500 MAY BE USED AS BUY WITH STRICT STOPLOSS 5470.
