FIIs were net sellers with the tune of ` 934.74 crore whereas DII were net buyers of ` 427.93 crore on Monday, the 12th September 2011(prov. fig.)
The BSE Sensex lost 365.23 points or 2.17% to settle at 16,501.74, its lowest closing level since 29 August 2011. The index tumbled 473.93 points at the day's low of 16,393.04 in afternoon trade. The index fell 198.72 points at the day's high of 16,668.25 in early trade. The S&P CNX Nifty shed 112.65 points or 2.23% to settle at 4,946.80, its lowest closing level since 29 August 2011. The Nifty hit a low of 4,911.25 in intraday trade. The BSE mid-Cap index fell 1.84% and the BSE Small-Cap index declined 1.86%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,941 shares fell and 876 shares rose and a total of 96 shares remained unchanged. Among the 30-share Sensex pack, 27 fell and only three of them managed gains.
The market breadth was weak. On BSE, 1,941 shares fell and 876 shares rose and a total of 96 shares remained unchanged. Among the 30-share Sensex pack, 27 fell and only three of them managed gains.
FOR TODAY: Weak global cues alongwith poor IIP data hits Nifty to go down. However, it manages to close above 4942.90 (last weekly low) and moreover, it didn't hits 4900 on intraday basis. PCR at 1.36 is in comfortable zone. VIX at 32.75 indicating more than average volatility. I will be a buyer if 4900 holds for a target of 5050 (for the time being).
WATCH 4911/4900/4890 ON THE DOWNSIDE WHEREAS ANY MOVE ABOVE 4970 ATTRACT BUYING SPREE AND PULL NIFTY AROUND 5015 LEVEL. IF NIFTY DOESN'T HOLD 4900, PROBABLY WE MAY SEE 4800/4720 IN THIS EXPIRY.
