Short covering was seen in the index heavyweights like ONGC, RIL and ITC.

ONGC up 3%; cuts 4.3 lakh shares in OI
RPL up 3%; cuts 21.6 lakh shares in OI
ITC up 0.7%; cuts 3.2 lakh shares in OI
HLL up 1.3%; cuts 3.9 lakh shares in OI
SAIL up 2.3%; cuts 7.4 lakh shares in OI
Sterlite up 1.6%; cuts 5.6 lakh shares in OI
NTPC up 1.5%; cuts 3.7 lakh shares in OI



Fresh Longs seen in Financial Space; BOB up 2.6%, adds 21 lakh shares in OI

ICICI Bank up 2.9%; adds 3.6 lakh shares in OI
SBI up 3.9%; adds 3 lakh shares in OI
IFCI up 1.3%; adds 21.5 lakh shares in OI
IDBI up 4.5%; adds 2 lakh shares in OI
Bank of Baroda up 2.6%; adds 20.9 lakh shares in OI
Union Bank of India up 4.9%; adds 10.3 lakh shares in OI
PNB up 3%; adds 6.5 lakh shares in OI
Dena Bank up 5%; adds 3.9 lakh shares in OI
India Infoline up 4.7%; adds 3.6 lakh shares in OI


Fresh Shorts were seen in technology and pharma.

Satyam July down 1.2%; adds 20.2 lakh shares in OI
Infosys down 1.1%; adds 1.64 lakh shares in OI
Ranbaxy down 0.20%; adds 3.8 lakh shares in OI
Cipla down 0.14%; adds 2.63 lakh shares in OI
Balrampur Chini down 2%; adds 2.2 lakh shares in OI


SEBI passes Cease & Desist orders against 10 entities & 15 brokers for F&O violations

SEBI passes first order for violation in Derivative Segment. It passes Cease & Desist orders against 10 entities & 15 brokers for F&O violations. SEBI says the brokers indulged in non genuine trade transactions. It says the brokers created false & misleading transaction to book profit/loss. The brokers in the SEBI Order include Indiabulls Sec, SMC Global, Khandwala Int Fin.