The two niche indices, BSE Sensex and S&P CNX Nifty, saw divergent
trend with the later posting gains helped by spurt in non-Sensex
constituents viz. Reliance Petroleum and Cairn India. But a key
reason for the divergence of the two indices was a sharp fall in
L&T. L&T has a much higher weightage of 7.18% in Sensex compared to
the stock's 3.16% weightage in Nifty.
Outlook for Tomorrow
NIFTY witnessed a nice short covering rally today, but the short covering could not take it past the 4800 resistance levels ..
If 4800 is broken on the upside , then too am skeptical as we have further resistances at 5150-5175 levels
No comments:
Post a Comment