25 May 2011

Nifty trading below 5400 and Sensex below 18K

Nifty was trading below 5400 mark in a narrow band of 20-30 points. It was yet another lacklustre session for the markets prior to expiry tomorrow. The market was trading in line with Asian peers that were pressured by nagging fears about Europe's spreading debt crisis. Selling pressure was seen in realty, IT, telecom and capital goods stocks. The broader markets too were trading in red.

At 10.43, the Sensex was down 85.23 points or 0.47% at 17926.74, and the Nifty was down 23.45 points or 0.43% at 5371.40. About 1049 shares advanced, 1148 shares declined, and 1445 shares remain unchanged.

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