21 May 2010 Closing Market Updates 15:31
Market opened gap down as expected but positive thing was that the Nifty closed above its strong support 4870.Selected high beta stocks like Reliance Capital,Bharti,M&M,Maruti bounced back smartly on value buying.Market covered almost major morning losses as Nifty closed at 4932 sheded 15.60 points after making day low of4842.30 whereas Sensex closed at 16441.17 down by 78.51 points.
Among BSE sectoral indices, Auto index gained the most by 0.76% while POwer Index dumped by 1.80%
M&M was the top gainer in Nifty50 stocks by 3.70% and closed at 541 while NTPC was the top loser which lost 3.94% and closed at 196.50
Overall market breadth was negative as 993 stocks declined and 316 stocks gained today on NSE.
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