Equities opened with a gap down and drifted further on Tuesday after traders booked profits following weak global markets and lack of any positive news to trigger the market. Market is likely to remain volatile due to F&O settlement later this week.
Selling in index heavyweights took toll on indices as NIFTY lost more than 1 per cent with sharp sell off in BSE Oil & Gas as well as in BSE Bankex sector. Cash volume in NSE slipped sharply with market breadth just managed to remain in positive. As for today's trade indices face strong hurdle around levels of 2970 and then around levels of 2850. On higher side levels of 3120 continues to remain a strong hurdle. Global cues continue to remain key driver for indices
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