The BSE Sensex lost 244.31 points or 1.46% to settle at 16,453.76, its lowest closing level since 28 September 2011. The index lost 293.29 points at the day's low of 16,404.78 in mid-afternoon trade. The index rose 47.09 points at the day's high of 16,745.16 in mid-morning trade. The S&P CNX Nifty lost 72.20 points or 1.44% to settle at 4,943.25, its lowest closing level since 26 September 2011. The Nifty hit a high of 5,025.55 in intraday trade. The Nifty hit a low of 4,924.30 in intraday trade. The BSE Mid-Cap index declined 0.58% and the BSE Small-Cap index fell 0.88%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,757 shares fell and 1,045 rose and a total of 120 shares were unchanged. The breadth was positive earlier in the day.
FOR TODAY: GAP DOWN OPENING IS EXPECTED AND AT THIS TIME, SGX NIFTY IS TRADING AROUND 4879.....
WATCH 4880 ON THE DOWNSIDE. IF BREAKS DECISIVELY, DON'T HOLD ANY LONGS. HOWEVER, ON THE UPSIDE, 5030 AND 5067 WILL ACT AS STRONG RESISTANCE FOR THE TIME BEING.
