NSE Turnover - Where are the traders?

Despite the 6-7% drop in most indices, the total turnover in the cash segment at the NSE was only Rs 10,367 crores. Moreover, even the F&O turnover dropped to Rs 46,853 crore. Seems like there’s only delivery-based selling, not much day-trading. What’s even strange is that the turnover for RELIANCE alone was Rs 1,025 crore - that’s almost 10% of the CM turnover!

FIIs sold stocks worth Rs 1169 crore (on top of Rs 1660 cr on Friday). 

I would like to think that this is a sign that the selling will soon abate. But then again, I went long today - so I’m biased. :)

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