MARKET OUTLOOK - 1ST AUG 2013..

The BSE Sensex was down 2.64 points to close at 19345.70 after seeing a day’s low of 19126.82 today, but crashed nearly 1000 points in the last six sessions. The NSE Nifty slipped 13.05 points to finish at 5742 after hitting an intraday low of 5675.75.

Nifty future yesterday made high 5792.50.low 5715 and closed at 5781.05.Nifty future intraday support 5712 resistant 5850.

Indian rupee approached a record low against the US dollar despite several measures the Reserve Bank of India had taken since July 15. The domestic currency touched an intraday low of 61.10, but recovered quite sharply in last hour of trade, gaining 8 paise to close at 60.40 per dollar.

Posted in: Indian Market Tips