It started as a bad day for the global equity markets and India was no exception. In the morning Sensex opened gap down and immediately touched a low of 14621.97 showing a decline of more than 250 points. With global equity markets trading in red it was quite obvious. But despite the global weakness the Sensex managed to recover and closed in green. The scrips from Banking, PSU and Power sector lifted the Sensex in the positive zone. Surprisingly the madcap and small cap indices again outperformed the Sensex. While Sensex closed at 14957.91 Up 82.39 points, Nifty closed at 4517.80 up 33.80 points. Market breadth was positive with 1642 advances and 1007 declines.
Market Watch: (17-June-2009)
Nifty View (4518): the support for the Nifty is at 4465 and the resistance to the up move is at 4600
BSE Sensex (14958): Strong support for the Sensex is now 14900 after that 14800-14650 and the resistance to the up move is at 15265
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