CNBC-TV18’s Head-Markets Research, Anuj Singhal: The volumes have been quite low but there would have been some delivery base selling because Nifty futures are showing a premium right now. The FII figure would be quite interesting whether they have sold in today’s weakness. Now it is just about 2-point discount but we have seen fair bit of open interest build up nearly 33 lakh shares. So the FII selling figure or buying figure, whatever it might be, will be very important.

The financials are under severe pressure and ICICI Bank is leading over there. 6 lakh shares is the open interest build up, 400 crore of turnover and down Rs 126 in today’s trade, 52-week low for that stock on the NSE.

Apart from that IDFC and Reliance are the two other stocks that have looked weak. IDFC with a build up of 4 lakh shares and down about more than 12% in today’s trade and even Reliance Capital has lost quite a bit of its market cap in today’s trade with a build up of about 2.5 lakh shares.

GMR Infrastructure is another stock that is in the top traded counters and it has seen a fresh build up of 10 lakh shares, 100 crore of turnover and Orchid of course is a different story altogether down 40% in today’s trade with 10% open interest build up.