Malabar Select Fund sold 4,01,224 shares of Krishna Institute of Medical Sciences (KIMS) at Rs 1319.04 per share. On the other hand, Nalanda India Equity Fund sold 20,21,814 shares of Kirloskar Oil Engineering at Rs 184.88 per share.
Gaurav Ratnaparkhi, head of technical research at Sharekhan said that Nifty50 recently saw a minor degree bounce that had faced resistance near 61.8 percent retracement of the first leg of the fall.
Shrikant Chouhan of Kotak Securities says 17,625 could be the range breakout level for the day traders. Above that, the breakout continuation formation is likely to continue up to 17,665-17,725 levels.