Equity Benchmarks Sensex and Nifty will remain shut on Tuesday on account of Christmas. Forex and Commodity markets too will remain close today.
On Monday, the Nifty closed below its 200 DEMA, which accentuated the selling pressure in the markets. Hero MotoCorp, Bajaj Auto, and Asian Paints were the major contributors to the sell-off in the market. Bank Nifty, too, closed lower for the third consecutive session ending 154 points lower at 26,714.
The Nifty January contract added 123% in fresh open interest with a sharp decline in the underlying price, indicating a build-up of short positions.
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