Tata Motors top gainer on Wednesday's trading - Nirmal Bang

Indian markets dipped into red in last hour of trade to end down around 0.5% on Wednesday. Tata Motors was the top gainer in yesterday's trading session on account of its up-gradation by Credit Suisse and CLSA.

Overseas, Dow closed half a percent in green yesterday at 13390.51 (up 61.66pts). The European markets also closed higher with FTSE, CAC & DAX up 0.74%, 0.31% & 0.32% respectively.

FIIs were net buyers in cash to the tune of 849Cr whereas they sold Index Futures worth 15.4 Cr respectively.

India VIX increased by 0.38% to close at 13.32, touching an intra-day high of 13.54.

Marginal addition in call OI at 6100, 6200 & 6300 suggest some bearish undertone in the market. But Down side for the markets seems to be limited with continuous put OI addition at downside levels.

Highest OI build-up is seen at 6200 Call and 5800 strike Put, to the tune of 10.16 mn and 8.50 mn respectively.

Markets are likely to open nearly half a percent in green following the positive global cues andis likely to remain strong during the day.

Source : Equity Bulls

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