What dragged Nifty below 5400? Global cues, IIP or profit booking
Published on Thu, May 31, 2012 at 00:00 |  Source :

NIFTY CLOSES BELOW 5400 ON WEAK GLOBAL CUES


>Sensex recovers more than half of its losses in last hour of trade but closes 109 points down
>Downtrend in global markets (worried about Greek debt deal) negatively impact sentiments
>Profit booking too weighs heavy on Nifty, which rallies quite sharply to reach 5400 mark
>Overall, bears could not take full charge of street, which suggests that traders still look optimistic about the market in near term

 

Let see how the day panned out...

  

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