FIIs were net sellers with the tune of ` 407.68 crore whereas DII were net buyers of ` 169.42 crore on Wednesday, the 17th August 2011(prov. fig.)
The BSE Sensex jumped 109.86 points or 0.66% to 16,840.80. The index fell 21.96 points at the day's low of 16,708.98 in afternoon trade. The Sensex jumped 269.44 points at the day's high of 17,000.38 in mid-morning trade. The S&P CNX Nifty was up 20.80 points or 0.41% to 5,056.60. The Nifty hit a high of 5,112.15 and a low of 5,017.25 in intraday trade. The BSE Mid-Cap index fell 0.87% and the BSE Small-Cap index declined 1.61%. Both these indices underperformed the Sensex. The Small-Cap index has tanked 1,164.92 points or 13.69% from a recent high of 8,505.42 on 25 July 2011. The BSE Mid-Cap index has lost 738.50 points or 10.43% from a recent high of 7,080.31 on 25 July 2011.
The market breadth was weak. On BSE, 1,963 shares fell while 890 shares rose and a total of 99 shares remained unchanged. Among the 30-share Sensex pack, 20 rose and the rest fell.
FOR TODAY: As per OI data, 5000 is a big support. However, in any case, breaching 5000 will result 4946 (the recent low in August). TODAY WATCH 5050/5031/5015 ON THE DOWNSIDE AND 5067/5089/5115 ON THE UPSIDE. AROUND 5115 PROBABLY ANOTHER ROUND OF SELLING WILL BE SEEN.
