The BSE Sensex lost 274.78 points or 1.67% to settle at 16,213.46, its lowest closing level since 30 November 2011. The index fell 345.92 points at the day's low of 16,142.32 in afternoon trade. The index declined 105.67 points at the day's high of 16,382.57 in late trade. The S&P CNX Nifty shed 76.95 points or 1.56% to settle at 4,866.70, its lowest closing level since 30 November 2011. The Nifty hit a low of 4,841.75 in intraday trade. The Nifty hit a high of 4,918.35 in intraday trade. The BSE Mid-Cap index fell 0.86% and the BSE Small-Cap index declined 0.89%. Both these indices outperformed the Sensex.The market breadth was weak. On BSE, 1,710 shares fell and 1017 shares rose and a total of 129 shares were unchanged. From the 30-member Sensex pack, 26 shares declined and only four rose.
FOR THE WEEK: Next week will be eventful for our market as the IIP numbers will be announced on 12 December, November monthly inflation figure will be announced on 14 December, third advance tax installment is due on 15 December, which are likely to provide cues for Q3FY12 earnings and monetary policy is scheduled for December 16th. Market is expected to be volatile with a downward bias.
FOR TODAY: A gap up opening is expected. WATCH 4911-4913 CAREFULLY. IF CROSSED WITH VOLUME, WE MAY EXPECT 5002 WITHIN ONE OR TWO DAY. However, in any case, 5100 will be act as a strong resistance for the time being. On the other side, WATCH 4841 CAREFULLY BREACHING WHICH, NIFTY MAY SEE 4800 WHICH MAY ACT AS SUPPORT.
