Potential Liquidity crunch pulled the Sensex down

BSE 30-share Sensex rose 67.87 points or 0.4% to 17198.95. Sensex rose 159.40 points at the day's high of 17290.48, in afternoon trade. The Sensex fell 6.93 points at the day's low of 17,124.15 in early trade. BSE clocked a turnover of Rs 4742 crore.

 

S&P CNX Nifty rose 17.60 points or 0.35% to 5,108.15. Nifty November 2009 futures were at 5,112.20, at a premium of 4.05 points. Turnover in NSE's futures & options (F&O) segment rose to Rs 91,235.90 crore. It hit a high of 5,138.

 

BSE Mid-Cap index fell 0.12% and the BSE Small-cap index fell 0.16%. Both the indices underperformed the Sensex.

 

BSE FMCG index (up 1.44%),the BSE Oil & Gas index (up 1.09%), the BSE PSU index (up 0.7%), the BSE Bankex (up 0.51%), the BSE Capital Goods index (up 0.5%) outperformed the Sensex.

 

BSE Realty index (down 2.93%), the BSE Healthcare index (down 0.49%), the BSE Consumer Durables index (down 0.12%), the BSE Teck index (down 0.03%), the BSE Metal index (up 0.03%), the BSE Power index (up 0.07%), the BSE Auto index (up 0.37%), the BSE IT index (up 0.16%) underperformed the Sensex.

 

Indian government along with the public listed companies could suck in capital worth $170 Billion in the next three years leading to liquidity crunch in the secondary market, pulled the market down from its one month high. Market would remain volatile on Thursday. It being the expiry day for November Derivatives series.

 

Market Breadth:

Positive 1290 Negative 1486 Unchanged 74

From the 30 share Sensex pack, 17 rose and rest fell.

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