| Despite opening in positive territory, selling pressure dragged the market down in the latter half of the session. The NSE Nifty fell sharply to close at 2068.80, down 1.01 per cent.
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| The Nifty futures contract for the current month last traded at 2072.85. The volumes were higher at around Rs 12,600 crore. The most active futures were the Nifty, Tata Steel, SBI, Infosys and Tata Motors.
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| A dealer from a local brokerage said that Nifty futures added around 2.5 lakh shares and traded at a premium of four points to the spot Nifty.
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| Brokers said that the markets opened on in positive territory but lost ground on selling pressure. The derivatives data for the previous session shows a heavy rise in open interest which signals a higher risk appetite, they added.
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| The outlook for the market on Thursday is that caution with the budget and expiry worries causing volatility in the markets, they added.
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| GAIL, HDFC, Mahindra & Mahindra, HLL and Canara Bank added open interest, while Satyam, Andhra Bank, Oriental Bank of Commerce, CNXIT and Bank of India lost open positions. FIIs were net sellers in Nifty futures yesterday to the tune of Rs 82 crore. |
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