| The Sensex declined from a high of 20,202 to close at 19,274, down 113 points, while the Nifty declined from 6,011 to close at 5866, down 34 points. Thursday's sell-off was due to block sales by some operators, according to market sources. |
| Analysts attributed the sell-off to a statement by Bernanke ruling out another cut in December, that led to fears that the expected foreign inflows may not materialize. |
| A technical analyst at Sharekhan expected the correction to continue for a day, with the Sensex set to decline by around 300 points and Nifty by 100 points. |
| According to Manas Jaiswal, technical analyst at Emkay Shares, the positive trend was still intact as the Nifty had a strong support at 5,833 and 5,736. If it breaks the support levels, there may be further correction. |
| The targets for the Nifty, on the upside, were 6402 and 6804 and any correction at this stage would present a buying opportunity, Jaiswal maintained. |
| The Nifty options segment witnessed in the money put buying at the strike price of 5,900. The put writers sold 21,058 contracts at an average premium of Rs 259. This indicate that the Nifty has a support at 5,900. |
| The Nifty PCR remained unchanged at 1.16 as both the call and put options added OI of 4.77 lakh shares. The Nifty November futures added 19.81 lakh shares in open interest, aggregating 30.31 million shares. |
| The Nifty futures closed at a discount of 33 points, accompanied with an increase in open interest, demonstrating short positions. |
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