It was just a profit booking towards the end of the year.
SGX Nifty is down by 50 points.
Yesterday Bank Nifty fell but Autos supported the markets.
Bank Nifty was down, Nifty was up.
Auto stocks are higher expecting good sales figures in.
Huge discounts should drive the sales higher.
Reliance is struggling.
Key private sector banks, HDFC Bank, Kotak Bank, ICICI Bank all down slightly.
FIIs were net sellers in Cash market but the volume is very low.
Janary premiums are too low to take positions.
Metal stocks may see some selling pressure.
Nifty future may trade between 12260 and 12360.