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Based on the OI percentage, 92 stocks, including Glenmark Pharma, Tata Communications, JK Cement, India Cement, and Britannia Industries, saw a long unwinding.
A further fall in price spells bad news for the industry already facing a demand slowdown. A rush of Chinese chemicals in the international market due to low domestic demand, a subdued Europe and declining crude prices are exert pressure on prices
Based on the OI percentage, 53 stocks including Oracle Financial, India Cements, Indiabulls Housing Finance, Lupin and Deepak Nitrite saw long buildups.
FII money continues to pour, but a good chunk of it could be passive flows through exchange traded fund (ETF) as most active fund managers are still not comfortable with valuations and the macro picture, say brokers.
Based on the OI percentage, 117 stocks were on the short-covering list. These included Tata Communications, Delta Corp, Power Finance Corporation, ICICI Lombard General Insurance Company, and Atul.