Wednesday, May 9, 2012

Panic continued on D-lal street.Nifty broke yesterday's low.

9th May 2012 Closing Market Updates 15:45


Selling continued in Indian equity markets after falling more than 2% yesterday. Weak global indices made our opening weak. Nifty made a day high of 5016.25 but weak INR against US$ pushed Nifty to trade in negative territory for the remaining session. At the time of making low of 4956.45, Nifty May Future premium eroded and traded into discount. Nifty May future made a low of 4954.95. Spot Nifty ended at 4974.75 by losing 25.20 points whereas Sensex lost 63.69 points and ended at 16482.49
Nifty immediate support at 4950 and resistance at 5027.


Among BSE Sectoral Indices, Realty index was the top loser by shedding 2.96% and FMCG index was the top gainer by 2.69%.
In Nifty50 stocks, ITC gained the most by 5.69%  and ended at 239.8. JPAssociat was the top loser by 5.3% and ended at 60.7.
LITL was the turnover topper by the traded quantity and SBIN by the traded value on NSE.
Advance/Decline ratio was negative in the ratio of 2.46:1 as 415 stocks gained and 1022 stocks declined today on NSE.


Major Global Indices :


Nikkei : -136.59
Hang Seng : -154.11
FTSE : -21.74
CAC : -14.18
DAX : +5.86
Dow Futures : -60.00
Nasdaq Futures : -15.75

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