Nifty continued to hover around the 8250 mark which is a strong resistance zone .Nifty opened with a modest positive note in line with the asian cues but soon lost the steam to roll back below the 8250 and thru day continued to remain between the 8230 and 8250 range . The European markets too witnessed  a similar sluggisg trend and remained neutral. FII coninued to remain on sellers mode whilst the DII’s modestly remained on the buyers side.

IT sector reversed trend of past few sessions  with FMCG/BANK in positve trend . The biggest of volume drivers were BEML and Granules India whilst HCL Tech and IDEA posted as day’s Top gainers . Top losers Dr Reddy’s and ONGC. Reasonable Break outs were visible from two stocks 1) BEML 2) DISHMAN PHARMA. Marginal increase in Nifty open interest.