FIIs were net sellers with the tune of ` 1305.55 crore whereas DII were net buyers of ` 743.47 crore on Thursday, the 22nd September 2011(prov. fig.)
The BSE Sensex tanked 704 points or 4.13% to settle at 16,361.15, its lowest closing level since 26 August 2011. The index tanked 749.12 points at the day's low of 16,316.03 in late trade. The index declined 231.54 points at the day's high of 16,833.61 in early trade. The S&P CNX Nifty was down 209.60 points or 4.08% to settle at 4,923.65, its lowest closing level since 29 August 2011. The index hit low of 4,907.75 in intraday trade. The BSE Mid-Cap index fell 3.1% and the BSE Small-Cap index declined 3.14%. Both these indices outperformed the Sensex.
The market breadth was quite weak. On BSE, 2,241 shares fell and 604 shares rose and a total of 75 shares remained unchanged. All the shares from the 30-share Sensex pack fell.
FOR TODAY: INDIAN MARKETS ARE EXTREMELY WEAK AND AT PAR WITH GLOBAL MARKETS. US MARKET AS WELL AS CLOSING OF EU MARKETS GIVING A STRONG HINTS THAT GAP-DOWN OPENING WILL BE THERE IN OUR MARKET ALSO.
AT 8.40 AM, SGX NIFTY IS TRADING AT 4870, DOWN 38.50. IF AND ONLY IF, NIFTY MAY ABLE TO RECOVER UPTO 4910 WITHIN FIRST HOUR OF TODAY'S TRADING, THEN THERE WILL BE A CHANCE TO COUP UP SOME PORTION OF YESTERDAY'S FALL, OTHERWISE WE MAY SEE EVEN 4700 LEVEL IN VERY SHORT TERM.
SO, WATCH 4910 ON THE UPSIDE..................
SO, WATCH 4910 ON THE UPSIDE..................
