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Friday 08 September 2006
Market Direction
The market was choppy. The morning trade ran in both direction and at one time NSE nifty was at 3442 , the lowest point in the day.However by the end of trade market recovered most of its gains and ended on a positive note.Nifty ended at 3471.45 just a notch below day's hoghest point whith a gain of 16 points.On the other hand SENSEX closed at 11918.70 with a gain of 64.90 points. As noted earlier this all seems to be part of consolidation process. Market seems nervous at these level given the recent crash. Advance and decline ratio was positive in NSETop five gainers on NSETop five losers on NSE


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