Yesterday Market Summary

Last trading day: Wednesday, 2 December

 It was a flat day of trade as the market consolidated in a tight range, saw some profit booking and closed marginally in the negative. Sensex shut shop at 17169, down 28 points and Nifty at 5123, up 1 point from the previous close. CNX Midcap index was up 0.54% and BSE Smallcap index was up 0.79%. The market breadth was positive with advances at 692 against declines of 571 on the NSE.  

The market is likely to consolidate in the near term, says Pankaj Jain of Satguru Capital on Zee Business. Nifty has resistance at 5180 and it could possible see some correction, he says. But the trend is up and its only a matter of time before Nifty crosses this resistance and heads towards 5300, he adds.  

 It was a flat close for our market with quiet cues from across the globe. It was a day of consolidation, some profit booking and market closed marginally in the negative. Sensex closed at 17149, down 49 points (provisional) and Nifty at 5118, down 3 points (provisional) from the previous close. CNX Midcap index was up 0.54% and BSE Smallcap index was up 0.79%. The market breadth was positive with advances at 691 against declines of 572 on the NSE.