Thursday, February 24, 2011

Stock market News on 24 feb 2011| and Stock market tips for Today | Stock Tips tomorrow

RESISTANCE: It has first resistance close to the level of 5430 & above this level the next resistance is seen near the 5510 mark.

SUPPORT: It has first support close to the level of 5175 & below this level the next support is seen near 5090 mark.

FIIs were net sellers of Rs 2,702.22 crore while DIIs were net buyers of Rs 1,029.22 crore in equities today, February 24, as per provisional data available with NSE.
Indian equity benchmarks shattered on the back of a sharp spike in crude oil prices in international markets on Thursday, reacting to growing concerns in Libya, which could spread over to other oil-producing as well as exporting countries in the Middle East.
The 30-share BSE Sensex dropped 545.92 points or 3%, to close at 17,632.41 and the 50-share NSE Nifty 74.65 points or 3.21%, to end at 5262.70 on record volume.
All sectoral indices were butchered badly; the BSE Bank and Capital Goods indices were hit the hardest, which plunged 4% each. Auto, Realty, Metal, Healthcare, Oil & Gas, Power, FMCG and IT indices too were down 2-3.5%.
It was a record volume for the Indian markets, especially on expiry day. Total traded turnover was at Rs 2,99,194.72 crore, including Rs 2,77,277.49 crore from the F&O segment.
FIIs have net sold Rs 906 crore worth of shares in Indian equity markets in the month of February and sold Rs 6330 crore worth of shares in the month of January 2011. stock advanced Tips


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