FIIs were net buyers with the tune of ` 14.18 crore whereas DII were net sellers of ` 266.61 crore on Thursday, the 8th September 2011(prov. fig.)
The BSE Sensex was up 100.54 points or 0.59% to 17,165.54, its highest closing level since 5 August 2011. The index rose 144.66 points at the day's high of 17,209.66 in mid-afternoon trade. The index fell 77.63 points at the day's low of 16,987.37 in early trade. The S&P CNX Nifty was 28.60 points or 0.56% to 5,153.25, its highest closing level since 10 August 2011. The Nifty hit a high of 5,169.25 in intraday trade. The Nifty hit a low of 5,098.25 in intraday trade. The BSE Mid-Cap index rose 0.26% and underperformed the Sensex. The BSE Small-Cap index gained 0.72% and outperformed the Sensex.
The BSE Sensex was up 100.54 points or 0.59% to 17,165.54, its highest closing level since 5 August 2011. The index rose 144.66 points at the day's high of 17,209.66 in mid-afternoon trade. The index fell 77.63 points at the day's low of 16,987.37 in early trade. The S&P CNX Nifty was 28.60 points or 0.56% to 5,153.25, its highest closing level since 10 August 2011. The Nifty hit a high of 5,169.25 in intraday trade. The Nifty hit a low of 5,098.25 in intraday trade. The BSE Mid-Cap index rose 0.26% and underperformed the Sensex. The BSE Small-Cap index gained 0.72% and outperformed the Sensex.
The market breadth was strong. On BSE, 1,740 shares rose and 1,110 shares declined and a total of 101 shares remained unchanged. Among the 30-share Sensex pack, 15 fell while rest of them rose.
FOR TODAY: A number of Resistance are lying between 5177-5220 where we may see some supply. However, if FII inflow continued, then probably one fine morning we may see Nifty overcome 5220 level also (even due to gap-up opening). President Barack Obama's announcement for pumping of likely to be US$300bn in the system may boost up the Global market overnight.
On the other side, any type of discontinuation of FII inflow, uncertainty and the anxiety over US markets and Eurozone, lined up important events for this month may drag the market. TRADE CAUTIOUSLY AND DON'T GET FOOLED BY THE RECENT UP-TICK.
TODAY WATCH 5177 ON THE UPSIDE BREAKING IT MAY HIT 5200/5220 LEVEL WHEREAS BREACHING 5130 MAY HIT 5100/5089 LEVEL ON THE DOWNSIDE.
