FIIs were net sellers with the tune of ` 1083.83 crore whereas DII were net buyers of ` 575.21 crore on Monday, the 26th September 2011(prov. fig.)
The BSE Sensex shed 110.96 points or 0.69% to settle at 16,051.10, its lowest closing level since 26 August 2011. The index lost 361.05 points at the day's low of 15,801.01 in mid-morning trade. The index rose 47.13 points at the day's high of 16,209.19 in early trade. The S&P CNX Nifty was down 32.35 points or 0.66% to settle at 4,835.40, its lowest closing level since 26 August 2011. The Nifty hit a low of 4,758.85 in intraday trade. The BSE Mid-cap index fell 1.47% and the BSE Small-Cap index declined 1.67%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,987 shares fell and 779 shares rose and a total of 99 shares remained unchanged. Among the 30-share Sensex pack, 21 declined while the rest gained.
FOR TODAY: PCR AT 1.20, PCR(VOL) AT 1.11 SUGGESTING THERE MAY BE A SMALL RECOVERY, STILL THERE IS A HOPE FOR BULL AND THE NIFTY IS WITHIN THE RANGE 4800-5000 HAVING PIVOT AT 4900. HOWEVER, VIX AT 35.43 IS STILL IN UNCOMFORTABLE ZONE AND SUGGESTING MORE THAN AVERAGE VOLATILITY. IN ADDITION, EXPIRY FOR SEPTEMBER SERIES ADD SOME MORE UNCERTAINTY.
WATCH 4890/4910/4930 ON THE UPSIDE AND 4800/4760 ON THE DOWNSIDE.
KINDLY READ DISCLAIMER BEFORE ANY ACT ON THIS VIEW.
