Stock Market Updates for the day(30th May '11)
Despite a firm start and a subsequent upmove, the market faltered around mid morning and then spent almost the entire session in the red today as investors chose to tread cautiously amid mixed global cues and a slew of earnings reports, some of which were somewhat unimpressive. Investors also appeared reluctant to pick up stocks ahead of GDP data due for release on Tuesday.
The Sensex, which surged to 18,380.17 in early trades, tumbled to a low of 18,199.52 later on in the session and ended the day at 18,232.06 with a loss of 34.04 points or 0.19%. The Nifty index of the National Stock Exchange closed at 5473.10, netting a loss of 3 points or 0.05%. The Nifty touched a high of 5509.30 and a low of 5458.60 during the day.
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