Anand Rathi: Selling likely to continue

The selling pressure witnessed in yesterday's market session at higher levels is expected to continue today also.

With the second largest bank ICICI considering its fourth round of corporate interest rate hike tomorrow (ICICI has already raised interest rates by 175 basis points from the start of this year) would also add to the negative sentiments in today's trade.

Overall the sentiments are expected to remain cautiously optimistic on the last trading sessions of the week today.