The Sensex closed at 18022, down 305 points from its previous close, and Nifty shut shop at 5417, down 88 points. The CNX Midcap index was down 1.8% and the BSE Smallcap index was down 1.6%. Nifty closed at 5,417 down 88 points after making an intra-day high of 5,566 and the Sensex was at 18,022 down 305 points after making an intra-day high of 18,452. The Mid cap and Small cap indices both were down by 1.86% and 1.62% respectively. The breadth of the market was negative and the total turnover recorded at Rs 1,41,276Cr. Nifty Feb fut ended with 6 points premium.

The 50-share S&P CNX Nifty finally settled at 5,417.20 after losing 88.70 points or 0.61%. Nifty February 2011 futures closed at 5423.75, at a premium of 6.55 points over spot closing of 5417.20, while Nifty March 2011 futures were at 5436.55, at a premium of 19.35 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 21.18% or 4.33 million (mn) units, taking the total outstanding open interest (OI) to 24.78 mn units. For Nifty calls, 5500 strike price (SP) from the February series was the most active call with addition of 2.81 mn or 101.42%. Among Nifty puts, 5400SP from the February month expiry was the most active put with an addition of 0.94 mn or 12.49%.

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