The SENSEX and NIFTY hit day's low in afternoon trade on weak European cues.
Index heavyweight Reliance Industries edged lower.
The Sensex fell below 17,000 mark after regaining that level in opening trade.
The Nifty fell below 5000 mark. FMCG, power, banking, realty and IT stocks declined.
Intraday volatility was high. Equities may remain volatile over the next few days as traders rollover positions in the derivative segment from November 2009 series to December 2009 series ahead of the expiry.
BE CAUTIOUS!!! Do not buy at these levels until an uptrend is seen.
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