Selling pressure witnessed on the first session of the last week of the year 2011-12. Technical level of around 5170 for Nifty is crucial and Nifty ended just above that at 5180.10 by shedding 98.10 points whereas Sensex dropped 319.91 points and ended at 17041.83. Nifty future ended at 5191.25 with a premium of 11.15 points with 8.23% rise in OI today.
All BSE Sectoral indices ended in red. Realty index was the top loser by 3.58% followed by Power(-2.56%), Bankex(-2.42%), PSU(-2.16%), Metal(-2.15%), Oil & Gas(-2.02%).
In Nifty50 stocks, JPAssociates was the top gainer by 2.83% which ended at 81.7 and IDFC was the top loser by 4.99% which ended at 128.4.
LITL was the turnover topper by the traded quantity and SBIN by the traded value.
Major Global Indices :
HangSeng : +0.06
Nikkei : +6.77
FTSE : +23.93
CAC : -0.69
DAX : +40.91
Dow Futures : +20.00
Nasdaq Futures : +9.50
After cutting CRR (the portion of total deposits that banks have to mandatorily keep with the regulator) last week from 5.5% to 4.75%. with this, the central bank had infused Rs 48,000 crore into the economy, market was expecting to cut REPO which is the rate at which banks borrow money from RBI
and or Reverse REPO but considering international oil pricing, the rates are kept unchanged. Repo Rate remains unchanged at 8.5%.
Now investors and traders expecting market booster from Union Budget which will be presented by Hon.Fin.Min. Pranav Mukherjee on tomorrow 11 a.m. onward.
