9th August, 2011 Closing Market Updates 16:30
Tremendous volatile session closed with bearable losses. Nifty closed at 5072.85 down by 45.65 points. Sensex closed at 16857.91 which lost 132.27 points from its previous close. Nifty made an intraday low of 4946.45 and attractive rates caught the attention of investors and Nifty recovered upto 5163.7 and again corrected nearly 90 points. Nifty gave a total volatility of nearly 480 points. As per blog published on 1st July, Nifty corrected from 5700-5800 level and closed below important support of 5165 consecutively.Today also Nifty failed to cross that particular level of 5165.
Now next important support for Nifty is 4777-4790 level. But market may give a relief rally from here.Meeting of Federal Open Market Committee(FOMC) will give more clarity to the US economy today evening.
Among BSE Sectoral Indices, FMCG was the top gainer by 1.36% and IT was the worst hit by 3.47%
In Nifty50 stocks, Ambujacem was the top gainer by 3.28% and closed at 127.95. Rpower was the top loser by 6.84% and closed at 90.2.SBI was the turnover topper by the traded value and Suzlon was the most traded stock by the traded quantity.
Advance/ Decline ratio was negative as 1115 stocks declined and 328 stocks gained today on NSE.
Major Global Indices :
Hang Seng : -1159.87
Nikkei : -153.08
FTSE : -55.66
CAC : -7.73
DAX : -143.51
Dow Futures : +102.00
Nasdaq Futures : +16.00
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