Nifty April future closed at 8183.25 down 0.67% touched high of 8225.00 and low of 8136.80. Open interest decline 1.42%.
Reasons for decline in market
>>SENSEX and Nifty was under pressure due to April Future Expiry.
>>FII investors are afraid of MAT, the source said the income tax department can examined the FII investors accounts have liability of MAT for 6 years. Impact of this is witnessed in market.
>>Q4 of Companies also change the mood of market.
>>After Weak US GDP data, Global market fall.
>>Fear of weak Monsoon has again increased the risk of rising inflation.