Breaking a three-day losing run,the BSE Sensex today closed 22 points up at 19,568.22 on buying in RIL shares (Reliance Industries),ONGC and HDFC Bank shares at low levels even as global markets fell on fears that an early withdrawal of US monetary stimulus will impact inflows. Smart surge in Sensex heavyweight RIL ahead of annual general meeting (AGM) scheduled tomorrow mainly aided Sensex's upmove. The company's share prices rose by 2.56 per cent and was the top gainer among the Sensex pack. * BSE Sensex * NSE Nifty * Top Gainers/Top Losers * Top Value * Top Quantity The Bombay Stock Exchange 30-share barometer gyrated in a small range between a high of 19,604.43 and a low of 19,441.35 before settling at 19,568.22,a gain of 22.44 points or 0.11 per cent. In last three straight trading days,it had lost 669.62 points or 3.31 per cent. "The street is expecting new announcements in telecom and connectivity space where RIL operates Reliance Jio Infocomm. As a result,buying interest was also seen in RCom," said Milan Bavishi,Head Research,Inventure Growth and Securities. The market was also influenced by a HSBC survey that showed India's services sector activity expanded in May and the pace was the fastest in three months. The 50-issue CNX Nifty of the NSE edged up by 4.40 points,or 0.07 per cent,at 5,923.85. Also,MCX-SX flagship index,SX40,ended up by 5.77 points,or 0.05 per cent,at 11,615.84. Sun Pharma rose nearly 2 per cent after Sweden's Meda denied reports of stake sale. Meanwhile,Just Dial today made a smart debut on the bourses,listing with a gain of 12.61 per cent at Rs 611.45. However,global markets were under pressure. In Europe,FTSE (UK),CAC (France) and DAX (Germany) were trading down over one per cent each on concerns over US Fed stimulus. Asian indices closed with deep cuts. Japan's Nikkei shed 4 per cent after Prime Minister Shinzo Abe's much-awaited speech on economic growth disappointed investors. Straits Times,Hang Seng,Kospi and SET Composite ended with up to 2.1 per cent losses. Amar Ambani,Head of Research at IIFL,advises investors to avoid taking long positions till the Nifty closes above 5,940 on a weekly basis. "This is a critical level as it is from here that it broke out in late April. If the Nifty closes below 5,940 on a weekly basis,it is likely to find support at its 200 daily moving average." The 200-DMA is an indicator used by traders to determine the market trend. 18 scrips out of the 30-share Sensex pack closed higher while others finished lower. Other major gainers were ONGC (1.95 pc),Sun Pharma (1.91 pc),Hindalco (1.34 pc),Maruti Suzuki (1.28 pc) and Gail India (0.93 pc). However,Wipro declined by 1.59 per cent,followed by Infosys (1.32 pc),HDFC (1.23 pc) and ITC (0.93 pc). Among the sectoral indices,the S&P BSE-Oil&Gas rose by 1.77 per cent and S&P BSE-Realty by 1.35 per cent,while S&P BSE-IT fell by 0.76 per cent,S&P BSE-Teck by 0.59 per cent and S&P BSE-FMCG by 0.50 per cent. Total market breadth remained negative as 1,256 stocks settled lower while 1,083 concluded higher. Total turnover rose to Rs 1,720.27 crore from Rs 1,471.88 crore yesterday. * Best Performing Mutual Funds
