Thursday, August 6, 2009

bullish market today 06August 2009



The Sensex witnessed vertical fall in the late trades to plunge to
a low of 15,443, down 527 points from the day's high, owing to
aggressive selling in auto, realty, metal and FMCG stocks. The
BSE benchmark index today opened 22 points lower at 15,881.
The index languished in the negative terrain for the first half of
the day. Afterwards the Sensex managed to bounce into
positive and touch a high of 15,970. However, heavy selling
after 1400 hrs saw the index slide to lower levels. The Sensex finally settled at 15,514, down 389 points. The Auto index led the decline, followed by Realty, Metal and FMCG indices. The BSE Auto index shed 4.4% at 5,677. The Realty, Metal and FMCG indices dropped 3-3.7% each.
The NSE Nifty closed at 4,585, down 108 points. The index slipped to a low of 4,559 towards the end of the trading session, down 159 points from the day's high of 4718.The market breadth was negative - out of 2,765 stocks, 1,607 declined, while 1,084 advanced today

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