Key benchmark indices trimmed gains in late trade as European stocks dropped. The Sensex settled below the psychological 17,000 mark, having alternately moved above and below that mark in intraday trade. The Reserve Bank of India (RBI)'s latest move to cut the cash reserve ratio (CRR) requirement for banks by 50 basis points to 5.5% from 6% at a quarterly policy review today boosted investor sentiment. The breadth of the market was positive as three stocks advanced against two declining stocks. The near-month January 2012 F&O contracts expire tomorrow.High volatility is expected on the bourses tomorrow as traders roll over positions in futures & options (F&O) segment from the near-month January 2012 series to February 2012 series. (Source- bseindia.com)
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