Grasim Industries falling in a weak market with rising open interest

Grasim Industries falling in a weak market with rising open interest
Published: 30 September 2008

Grasim Industries fell for a third day on Monday bringing its three day fall to INR175.0 or 9.1 per cent. The share price declined INR48 (or 2.7 per cent) to INR1750. Compared with the BSE Sensex Index which fell 506.4 points (or 3.9 per cent) on the day, this represented a relative price change of 1.2 per cent.

Same day trend: Open Interest strengthened 0.3 per cent from 645,216 to 647,416. Combined with the price falling 2.7 per cent, this suggests the market is weak.