Here's the simplest explanation to what's happening on Dalal Street today

Both the Sensex and the Nifty remain in negative territory at noon. Markets gave up early gains as traders used the opportunity to go book profit on a market that closed 1 percent higher on Monday. Here is a snapshot of how markets are trading in the mid-afternoon session, with a special focus on the futures and options space:

NIFTY fell 19 points to 8,440.
SENSEX lost 65 point to quote at 27,896 levels.
BANK NIFTY slipped 93 at 18,800 points.

FUTURES AND OPTIONS
TOP GAINERS
JP Associates
JP Power
Petronet LNG

TOP LOSERS
Tata Motors
Bharat Forge
Amtek Auto

TOP OI GAINERS
Ceat
Bajaj Finance
MindTree

TOP TRADED FUTURES
Yes Bank
Tata Motors
State Bank of India

52-WEEK HIGHS
Dr. Reddy's
LT Foods
Fortis Health

52-WEEK LOWS
Andhra Cements
Tata Motors
VKS Projects


ADVANCE-DECLINE RATIO
Nifty: 22/27
Sensex: 13/17
Futures: 76/82
Broader Market: 1,361/1,038

(Image credit: Indiatimes)