FIIs were net buyers with the tune of ` 620.90 crore whereas DII were net buyers of ` 101.91 crore on Friday, the 30th August 2011(prov. fig.)
The BSE Sensex jumped 260.42 points or 1.59% to settle at 16,676.75, its highest closing level since 17 August 2011. The index jumped 298.37 points at the day's high of 16,714.70 in late trade. The index rose 27.02 points at the day's low of 16,443.35 in early afternoon trade. The S&P CNX Nifty was up 81.40 points or 1.65% to settle at 5,001, its highest closing level since 17 August 2011. The Nifty hit a high of 5,016.25 in intraday trade. The Nifty hit a low of 4,927.55 in intraday trade. The BSE Mid-Cap index rose 1.44% and the BSE Small-Cap index gained 1.1%. Both these indices underperformed the Sensex.
The market breadth was strong. On BSE, 1,843 shares rose and 995 shares fell and a total of 109 shares remained unchanged. Among the 30-share Sensex pack, 24 rose while the rest fell.
FOR TODAY: After two days closing, Indian market will open today. In fact, we have missed the rally for the last two days whereas SGX Nifty was hits 5161 in these days. At present, SGX Nifty is trading at 5032.
WATCH 4970 ON THE DOWNSIDE. IF BREACHED, IT MAY HIT 4940/4900. THE HIGH PROBABLITY IS NIFTY MAY TRADE ABOVE 5001 (FRIDAY'S CLOSING). ABOVE 5001, WATCH 5015/5030/ 5055/5075 AND EVEN 5100.
ITC 200CE, JPASSOCIATES 60PE/65CE, ONGC 260PE, RIL 820CE WILL BE IN MY WATCH RADAR TODAY. 