Here's the simplest explanation to what's been up in Dalal Street today

Both the Sensex and the Nifty slipped from intra-day highs territory at noon. Indices gave up early gains as traders used the opportunity to book profit on a market that closed 1 percent higher on Thursday. Here is a snapshot of how markets are trading in the mid-afternoon session, with a special focus on the futures and options space:

NIFTY fell 2 points to 8,605. It hit a high of 8,640 in early deals
NIFTY Futures trade flat at 8,628 points
BANK NIFTY slipped 38 at 19,130 points.
SENSEX up 12 points to quote at 28,460 levels.


FUTURES AND OPTIONS
TOP GAINERS
MindTree
Reliance Infra
Ajanta Pharma

TOP LOSERS
HDFC
Asian Paints
Kotak Bank

TOP OI GAINERS
MindTree
Ajanta Pharma
ACC

TOP TRADED FUTURES
Yes Bank
Axis Bank
Wockhardt


52-WEEK HIGHS
Eveready Industries
Deep Industries
Cadila
Gujarat State Petronet


ADVANCE-DECLINE RATIO
Nifty: 33/17
Sensex: 22/8
Futures: 59/100
Broader Market: 1,280/1,113

(Image credit: Indiatimes)