The BSE Sensex lost 44.67 points or 0.28% to settle at 15,836.47, its lowest closing level since 25 November 2011. The index rose 26.88 points at the day's high of 15,908.02 in mid-afternoon trade. The index declined 284.92 points at the day's low of 15,596.22 in mid-morning trade, its lowest level since 24 November 2011. The S&P CNX Nifty was down 16.80 points or 0.35% to 4,746.35, its lowest closing level since 25 November 2011. The index hit a low of 4,673.85 in intraday trade, its lowest level since 24 November 2011. The Nifty hit a high of 4,768.65 in intraday trade. The BSE Mid-Cap index fell 1.11% and the BSE Small-Cap index shed 1.52%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1,850 shares fell and 878 shares rose and a total of 121 shares were unchanged. From the 30-member Sensex pack 17 stocks fell and the rest of them rose.
FOR TODAY: MARKET MAY OPEN FLAT WITH POSITIVE BIAS AT PAR WITH GLOBAL MARKET. WATCH 4780/4790 ON THE UPSIDE AND IF IT BREAKS WITH VOLUME AND CROSSED 4800, THEN 4831/4850 WILL BE TODAY'S TARGET. ON THE DOWNSIDE, IF BREACHES 4760 AND IF THERE IS ANY NEGATIVE CUES FROM RBI POLICY, MARKET MAY GO STRAIGHT TO 4700 WHICH MAY ACT AS SUPPORT.
DISCLAIMER: Holding one lot of 4800CE @90. Probably, I'll sell it tomorrow by 12 noon or hold the same if there's any positive view from RBI monetary policy.
