Tuesday 25 September 2018

Nifty Ends Lower For 5th Straight Day Down 175 Points

Posted by suhani varma on Tuesday, September 25, 2018 with No comments

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Markets witnessed a bloodbath in Monday’s session with the NSE benchmark Nifty ending the day ~1.6% lower at 10,967, below the physiological mark of 11,000 for the first time since mid-July.

Broad-based selling was witnessed in the market with the Nifty Next 50 index closing 3.10% lower. Bank Nifty too continued to underperform and witnessed heavy selling pressure before ending the day 2.45% lower at 24,970 led by steep corrections in both private and PSU bank stocks.

The Nifty IT (up 2.27%) was the only sectoral index that managed to end in the green on Monday.

Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a surge in open interest consisting mainly of short positions (Taking September and October data into consideration).

On the options front, heavy call writing was witnessed in at-the-money and out-of-the-money strikes with 11,000CE and 11,100CE witnessing a surge in open interest to the tune of ~11.26 lakh shares and 13.33 lakh shares, respectively.

India Vix ended 12.15% higher at 17.42.

Nifty-175 points @10,976
Bank Nifty-626 points @24,970
Top 2 F&O GainerINFIBEAM, DEWAN HOUSING
Top 2 F&O LoserHDIL, IRB INFRA
Most Active Index Option Contract
Call Option11100CE, O.I: ~+13.33 lakh shares
Put Option10800PE, O.I: ~+14.62 lakh shares
Nifty Max O.I Strikes11500CE, 11000PE

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