Here's the simplest explanation to what's been happening in the Markets today

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Here's the simplest explanation to what's been happening in the Markets today
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Both the Nifty and the Sensex have had a volatile trade on Tuesday. The market recovered from intra-day lows after the RBI's monetary policy kept major rates unchanged. However, selling at resistance levels pushed major indices back into the red. The action, meanwhile, remains concentrated on bigger mid caps where traders are hoping to make a quick buck. Here is a snapshot of how markets are trading around 12:35 PM with a special focus on the futures and options space:

MAJOR INDICES:
NIFTY fell 31 points to 8,512. Idea, Cairn and GAIL were the top losers.
SENSEX lost 117 points to 28,070 levels.

SECTORAL INDICES:
CNX Mid Cap Index up 100 at 13,932 points
CNX Small Cap Index rose 41 at 5,850 points
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CNX PSU Bank Index leapt 50 at 3,593 points.
BANK NIFTY rose 14 to 18,928 points.
CNX AUTO jumped 41 to 8,650 points
CNX IT Index dropped 19 at 11,447 points
CNX Pharma Index down 29 to 12,349 points


FUTURES AND OPTIONS
MAJOR GAINERS
Oracle Financial
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Union Bank
Ajanta Pharma

MAJOR LOSERS
Sun TV
Idea
JP Power

TOP OI GAINERS
Union Bank
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Britannia
Hero Motor Co

TOP TRADED FUTURES
State Bank of India
ICICI Bank
Yes Bank

52-WEEK HIGHS
Century Enka
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Britannia
Deep Industries
Ashok Leyland

ADVANCE-DECLINE RATIO
Nifty: 23/27
Sensex: 11/19
Futures: 78/83
Broader Market: 765/689

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Image credit: Indiatimes