But volume data indicates high liquidation at the NSE, a day ahead of the weekly close on Tuesday. On both the BSE as well as the NSE, overall volumes are subdued compared to last Friday. At the NSE, the bout of profit booking took the decline volume sharply up from Rs 585 crore to Rs 1157 crore.

In contrast, the decline volume at BSE went down from Rs 1203 crore to Rs 698 crore. The advance volume at BSE, however, were pretty subdued. It came down from Rs 1611 crore to Rs 728 crore. At the NSE, advance volume came down from Rs 1492 crore to Rs 1306 crore. The number of scrips that went up in BSE moved up from 839 to 1072, while that at NSE moved up from 559 to 625. A number of scrips posted above 7 per cent improvement, many of them hitting the circuit breaker.

Among these were Bajaj Auto, BSES, Bharat Forge, Bharat Electronic, Ceat,CESC, Bombay Dyeing, Camlin, Coates, Colgate, Crompton Greaves, Cummins, Cyber Tech, Cyberspace, Dalmia Cement, Escorts, Federal Bank, Finolex Cables, Finolex Industries, Frontier Information, Global Telesystem, Henkel Spic, Gujarat Gas, Gujarat Mineral, India Cement, IPCA Lab, ITC Bhadra, IPCA Lab, ITW Signode, JB Chemical, Jaiprakash Industries, KLG Systel and Kodak.

There is a spate of profit booking at Ashok Leyland at the higher level, and a dark cloud has arisen. The scrip is bearish. Information Technology closed at Rs 187 ex-bonus. Infosys Technology is bearish. Amara Raja Batteries continues to be bearish. Bank of Rajasthan has seen high volume, but could be in the no-delivery zone. It is bearish at close. BFL Software is clearly finding breathing hard at the high altitude repeatedly. The enthusiasm at Bharat Earth Movers is cooling off. Take your profit home, unless you have invested for very long. BPL is down today, but could surge tomorrow?