Biranchi Sahu

"Some fund-based buying is required to support indices, but weak indicators such as inflation are keeping them (the funds) on the sidelines," said Biranchi Sahu, head of institutional sales at Khandwala Securities.

It's very difficult to figure out on the basis of information we have," says Biranchi Sahu, head of institutional equity at Khandwala Securities.

"But one thing is certain, if such large quantities of shares were sold at the rates mentioned, there may be a prior understanding between the participants," he said.

ard selling after the fuel price hike on Wednesday, as it is expected that inflation will touch 9-10 per cent and that worried the market,#34 said Biranchi Sahu, head of institutional equities, Khandwala Securities.