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Nifty holds above 5550 level; ends on a week note


Nifty holds above 5550 level
Mumbai, Jan 31: The benchmark Nifty ended the final session of Jan month on a week note. The Nifty recovered and held 5500 level in late trade. Market observed the worst trade for the fourth consecutive day.

At 4:50 pm, the BSE Sensex was at 18,327.76 down 68.21 points and Nifty was at 5,505.90 down 6.25 points.


Nifty fails to hold 5500 level; market witnesses pressure

The selected companies' shares like Technology, FMCG, power, telecom, cement, Anil Dhirubhai Ambani, realty, private financial were putting pressures on market. The Nifty could not sustain 5500 level.

At 2:40 pm, the BSE Sensex was at 18160.17 down 235.80 points and Nifty was at 5449.80 down 62.35 points.

Bit recovery, supported by heavyweights; Nifty at 5450 level

The Nifty witnessed bit recovery and held 5450 level, the heavyweights like ONGC, Reliance Industries, Siemens, Dr Reddy's Labs, Hul, BHEL and Sun Pharma, buying supported the market.

Indian equities continued to struggle under selling pressure led by sell-off majorly in technology, metal, realty, auto, FMCG, telecom and financial companies' shares.

At 12:25 pm, the BSE Sensex was at 18203.69 down 192.28 points and Nifty was at 5464.75 down 47.40 points.

Market keeps the downtrend; Nifty below 5450

The market is witnessimg worst trading, it kept is downtrend for the forth consecutive day. The benchmark Nifty began the final session of Jan month on a flat note, led by sell-off in almost all major heavyweights. Nifty dipped below 5450 level and was drifting down towards 5400 level.

At 10:45 am, the BSE Sensex was at 18,119.36 down 276.61 points and Nifty was at 5,448.55 down 63.60 points.

OneIndia News

Read more about: sensex nifty
Story first published: Monday, January 31, 2011, 10:50 [IST]
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