Karan Pai, CMT, Technical Analyst, GEPL Capital
The market stayed in the bear trap on December 6, despite positive global cues, with the benchmark indices declining 1.65 percent each under selling pressure across sectors.
The Nifty50 closed below the psychological 17,000 mark, falling 284 points to 16,912, while the BSE Sensex plunged 949 points to 56,747. The Nifty Midcap 100 and Smallcap 100 indices corrected 1.42 percent and 1.09 percent.
Stocks that were in focus include HFCL, which was locked in the 10 percent upper circuit at Rs 78.30, and Indo Count Industries, which surged 9.91 percent to Rs 266.20.