Markets witnessed yet another session of heavy volatility before ending on a flat note. Nifty ended the day 13 points lower at 11,053. Traders exercised caution ahead of the September expiry and the Fed interest rate announcement expected later in the day.
Metal and Realty stocks were the star performers in trade today with Nifty Metal and Nifty Realty indices managing to close 1.92% and 2.48% higher, respectively. Bank Nifty relatively outperformed, managing to close 45 points higher at 25,376.
Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a surge in open interest (taking Sep and Oct data into consideration).
On the options front, heavy call writing was witnessed in out-of-the-money strikes with 11200 CE adding ~12.42lakh shares acting as the immediate resistance for the index.
India Vix ended 2.44% higher at 17.08.
| Nifty | -13 points @11,053 |
| Bank Nifty | +45 points @25,376 |
| Top 2 F&O Gainer | RCOM, BHARAT ELECTRONICS |
| Top 2 F&O Loser | KPIT TECH, BALRAMPUR CHINI |
| Most Active Index Option Contract | |
| Call Option | 11800CE, O.I: ~12.42 lakh shares |
| Put Option | 11000PE, O.I: ~+11.28 lakh shares |
| Nifty Max O.I Strikes | 11200CE, 11000PE |
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