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Wednesday, February 22, 2012

DII profit booking pulls the market down.

Capital markets today snapped their since-January broad based rally on domestic institutions’ profit booking resulting in Sensex and Nifty closing down 1.8 and 1.5 per cent respectively. FII’s (Foreign Institutional Investors)were net buyers today to the tune of Rs. 829 crore while DII’s (Domestic Institutional Investors)were
net sellers of Rs. 1,333 crore thus causing a net outflow of Rs. 504 crore from the bourses .
Mid cap stocks were battered hard with NSE midcap index slumping by around 4 per cent.
Market breadth was highly negative with 5 falling stocks for each rising stocks. Midcap stocks were battered hard today. Banking sector drag the indices down with heavyweight SBI closing down 8% on concerns that bank is shelling out 1500 crore for bailing-out Kingfisher airlines. NSE-BSE combined turnover stood around 2.75 lakh crore. Tomorrow is the expiry date for the February series and it shall be interesting to see how market unfolds tomorrow.

Most fallen 20 vital stocks -


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