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Summary

* Indian markets closed on a negative note where selling was mainly seen in Banking, Automobile, Cement sectors. Nifty Mar Future closed at 17205.80 (down 246.75 points) at a premium of 51.50 pts to spot.

* FIIs were net sellers in Cash to the tune of 1547 Cr and were net sellers in index futures to the tune of 619.93 Cr.

* India VIX increased by 20.89% to close at 16.21 touching an intraday high of 16.42.

Open Interest in Nifty Options:

Outlook on Nifty:

Index is likely to open on a flat note today and is likely to remain negative during the day.

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