Market Update

Market opened gap down due to the negative cues from the global markets. In the first half, market regained it’s strength & bounced back strongly from day’s low of 3310 to 3410
levels. We have mentioned in our yesterday’s newsletter that index is facing problem over sustainability above 200 EMA so the choppiness can continue in the near term & the later half
proved us right. It pulled back to 3340 levels & closed marginally on the negative side. Stock specific was there while the market breadth ended on the negative side. Technically, we expect that it’ll correct by moving sideways & then further upside in the near term.

AsP pOerS tThe M pAroRviKsiEonTa l figures, the BSE 30-share Sensex was down 69.67 points or 0.63% to 10,909.83. At the day's high of 11,068.82, the Sensex rose 89.32 points in afternoon trade. At the day's low of 10,764.08, the Sensex fell 215.42 points in early trade. BSE clocked a
turnover of Rs 5,089 crore, higher than Rs 4,749.97 crore on Monday, 20 Apr09. The market breadth, indicating the overall health of the market, was marginally negative, recovering from a weak breadth earlier in the day. On BSE, 1,258 stocks advanced as compared to 1,288 that declined. A total of 64 shares remained unchanged. The S&P CNX Nifty was down 11.60 points or 0.34% to 3,365.50. The NSE turnover was up Rs.15160.41 crore from last trading session’s
Rs.14468.76 crore.