Tata Motors skids for the second day in a row BloombergUTV
The key benchmark indices were subdued in morning trade on profit taking after a recent strong rally. IT stocks rose as the rupee dropped against the dollar. But, auto stocks fell. Index heavyweight Reliance Industries (RIL) edged lower on profit taking after recent strong gains. The BSE 30-share Sensex was down 40.66 points or 0.23%, off close to 60 points from the day's high and up close to 20 points from the day's low. The market breadth was positive. Asian stocks were mixed.
The market recovered from lower level in early trade. However, the intraday recovery proved short-lived. The market weakened once again in morning trade. Volatility may remain high today, 25 March 2010, as traders rollover positions in the derivatives segment from the March 2010 series to the April 2010 series ahead of the expiry of the near-month March 2010 derivatives contracts. The near-month March 2010 derivatives contracts expire today.
Rollover in Nifty futures was 52% at the end of Tuesday's (23
