Market closed near the day's high, having started off the new week on a cheerful note with a strong pullback rally which was seen across the world, most strongly in Europe. Metals, realty and banking were the top gainers today. Sensex closed at 17330, up 561 points and Nifty at 5193, up 175 points from the previous close. CNX Midcap index was up 2.2% and BSE Smallcap index was up 2.8%.
I am quiet surprised by Institutional Turnover which shows only 263 cr cash buying from FII and 30 cr buy DII.In F&O off course there is covering in NIFTY futures,but no covering in STOCK FUTURES & OPTIONS and NIFTY OPTIONS.It shows market not in hurry to go any were outside range of 4900-5400 band at least in this expiry cycle.
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