Friday, 28 September 2018

Nifty Ends September Series 6% Lower Closes Below 11,000-Mark

Posted by suhani varma on Friday, September 28, 2018 with No comments



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Markets traded with a negative bias right through the day with broad-based selling witnessed across the market. Nifty ended the day 76 points lower to close at 10,977. All sectoral indices on the Nifty, save the IT index, closed in the red.

Bank Nifty too underperformed and ended the day 334 points lower at 25,042. Yes Bank continued to face heavy selling pressure and ended the day 9.16% lower at Rs203.

Tracking the derivative data points, Nifty Futures and Bank Nifty Futures witnessed a surge in open interest mainly short positions (taking 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 adding ~16.69 lakh shares and ~12.73 lakh shares, respectively.

India Vix ended 0.98% lower at 16.92.

Nifty-76 points @10,977
Bank Nifty-334 points @25,042
Top 2 F&O GainerADANIENT, CHENNAI PETROLEUM
Top 2 F&O LoserSREI INFRA, YES BANK
Most Active Index Option Contract
Call Option11000CE, O.I: ~+16.69 lakh shares
Put Option11000PE, O.I: ~-12.44 lakh shares
Nifty Max O.I Strikes11500CE, 11000PE

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