Here's the simplest explanation to how Nifty and Sensex eroded their intra-day gains

The Nifty and the Sensex slowly eroded their intra-day gains on Friday as traders preferred to book profit on a 2-day rally amid a larger down draft in equity prices. Most traders are hesitant to extend positions over the weekend due to uncertainty. Here is a snap shot of the market in late afternoon trade.

BENCHMARK INDICES
NIFTY up 11 points to 7,799 points
SENSEX rose 43 points to 25,665 points

TOP VOLUME BUZZERS
Auto Axles 474 times 2-week average
Sobha 147 times 2-week average
Thermax 73 times 2-week average
Just Dial 49 times 2-week average

TOP NIFTY GAINERS
HDFC
ONGC
State Bank of India
Asian Paints

TOP NIFTY LOSERS
BHEL
Tata Power
Cairn
Tata Steel
GAIL

TOP TRADED ON NSE
Infosys
ICICI Bank
Axis Bank
Tata Motors

TOP FUTURES GAINERS
Amtek
SRF
Jain Irrigation
SKS Micro

TOP FUTURES LOSERS
Godrej Inds
SAIL
Tata Steel
GAIL

TOP TRADED FUTURES
Tata Motors
SBI
Axis Bank

TOP TRADED CALLS
Reliance Cap 320 Oct
Syndicate 80 Oct
Tata Motors DVR 270 Oct

TOP TRADED PUTS
Ceat 1260 Sept
SBI 230 Sept
Reliance 840 Sept

ADVANCE-DECLINE RATIO
Nifty: 24/25
Sensex: 14/16
Futures: 82/75
Broader markets: 1,508/1,026

(Image credits: Indiatimes)