FIIs were net buyers with the tune of ` 152.87 crore and DII were net buyers of ` 289.95 crore on Wednesday, the 10th August 2011(prov. fig.)
The BSE Sensex jumped 272.60 points or 1.62% to settle at 17,130.51, its highest closing level since 5 August 2011. The Sensex surged 398.55 points at the day's high of 17,256.46 in early trade. The index rose 164.34 points at the day's low of 17,022.25 in mid-afternoon trade. The S&P CNX Nifty was up 88.15 points or 1.74% to 5,161, its highest closing level since 5 August 2011. The Nifty hit a high of 5,197.95 in intraday trade. The BSE Mid-Cap index rose 2.31% and the BSE Small-Cap index gained 2.46%. Both these indices outperformed the Sensex.
The market breadth was quite strong. On BSE, 2,225 shares advanced while 727 shares declined and a total of 82 shares remained unchanged. Among the 30-share Sensex pack, 23 gained while the rest declined.
FOR TODAY: PCR=1.05; INDIA VIX=28.95; Nifty Call options of strike 5300 added 10932 lots to open interest while Put options of strike 4600 had a build up of 53334 lots.
PCR above one (1) indicating that our market may recover any time depending upon positive global cues. India Volatility Index melt down at 28.95 from 34.88 suggests that some volatility (more than average) will be seen.
AT THIS TIME (9.45 PM), DOW IS TRADING 4% DOWN, UK 3% DOWN, FRANCE NEARLY 6% DOWN AND GERMANY IS ALSO NEARLY 6% DOWN. SGX NIFTY IS TRADING AT 5043.50, DOWN 103 POINTS.
AT 8.15 A.M.: Yesterday US markets closed with deep cut, DOW with nearly 5% and NASDAQ nearly 4.5% down. EU markets closed with nearly 3-5.5% down. Surprisingly, Asian markets are trading mixed today morning. Nikkei, Hanseng etc. are down whereas Shanghai etc. are up. SGX Nifty is trading at 5140, down just 8 points indicating as of now that Nifty may open around 5140.
WATCH 5131, 5111, 5100 ON THE DOWN SIDE TODAY. IF BREACHED WITH VOLUME THEN 5050 IS MAJOR SUPPORT ON INTRADAY BASIS. ON THE UPSIDE 5167-5177, 5189, AND 5224 WILL ACT AS RESISTANCE. FOR ANY UPMOVE, BREAKING OF 5224 IS VERY MUCH NEEDED.
