16th May, 2012 Closing Market Updates 16:24
Indian market witnessed a sell-off alongwith the global markets. Market opened with a gap down and made a low of 4837.15 for the first time after 16th Jan.2012. Nifty took a weekly support and bounced upto 4877.8 and closed at 4875.30 by shedding 67.5 points. Sensex lost 298.16 points and closed just above 16k mark at 16030.09.
Nifty Outlook : Weekly closing of Spot Nifty should not be below 4670 level to avoid further weakness which may pull Nifty to 4520-4440 levels.
Rupee has made a new low against the US$ of 54.46 today and reflected into pessimism.
All BSE Sectoral Indices closed into negative.Metal Index was the top loser by 2.68% followed by Auto(-2.59%).
In Nifty50 stocks, Tatamotors was the top loser by declining 7.7% and ended at 268 whereas BPCL was the top gainer by 2.53% and ended at 747.20.
Unitech was the most active stock by the traded quantity and Tatamotors was the turnover topper by the traded value on NSE today.
Advance/Decline ratio was negative in the ratio of 2.88 : 1 as 1058 stocks declined and just 368 stocks gained today on NSE.
Major Global Indices :
Nikkei : -99.57
Hang Seng : -634.48
FTSE : -51.13
CAC : +6.84
DAX : -50.84
Dow Futures : -22.00
Nasdaq Futures : -3.75
Nifty Outlook : Weekly closing of Spot Nifty should not be below 4670 level to avoid further weakness which may pull Nifty to 4520-4440 levels.
Rupee has made a new low against the US$ of 54.46 today and reflected into pessimism.
All BSE Sectoral Indices closed into negative.Metal Index was the top loser by 2.68% followed by Auto(-2.59%).
In Nifty50 stocks, Tatamotors was the top loser by declining 7.7% and ended at 268 whereas BPCL was the top gainer by 2.53% and ended at 747.20.
Unitech was the most active stock by the traded quantity and Tatamotors was the turnover topper by the traded value on NSE today.
Advance/Decline ratio was negative in the ratio of 2.88 : 1 as 1058 stocks declined and just 368 stocks gained today on NSE.
Major Global Indices :
Nikkei : -99.57
Hang Seng : -634.48
FTSE : -51.13
CAC : +6.84
DAX : -50.84
Dow Futures : -22.00
Nasdaq Futures : -3.75
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