Tuesday 11 December 2018

Markets Crack Nifty Ends 205 Points Lower

Posted by suhani varma on Tuesday, December 11, 2018 with No comments


Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 11 Dec 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 11 Dec 2018
--------------------------------------------------------------------------------------------------------
The Indian stock markets witnessed a selloff in tandem with global equities as skepticism about the US-China trade agreement as well as the disappointing US jobs data reported on Friday weighed in on the markets.

Nifty ended the day 205 points lower at 10,488 led by a correction in frontline stocks, while Bank Nifty closed 491 points lower at 26,102 with major correction seen in private sector banks.

Kotak Mahindra Bank ended the day 6.35% lower.

All sectoral indices also closed in the red, with Nifty Realty being the worst performer and trading 3.04% lower.

Traders also exercised caution ahead of the verdict of state polls which is due on Tuesday.

Tracking the derivative data points, Bank Nifty Futures witnessed a decline in open interest, mainly long unwinding.

On the options front, heavy call writing was witnessed in out-of-the-money strikes with 10700CE and 11000CE adding ~12.33 lakh shares and ~10 lakh shares, respectively.

India Vix witnessed a sharp surge ending the day 9.94% higher at 20.4%.

Nifty-205 points @10,488
Bank Nifty-491 points @26,102
Top 2 F&O GainersIndian Oil CorporationKaveri Seed
Top 2 F&O LosersInfibeam Avenues, Adani Power
Most Active Index Option Contract
Call Option11200CE, O.I: ~+12.33 lakh shares
Put Option10200PE, O.I: ~+5.07 lakh shares
Nifty Max O.I. Strikes11000CE, 10000PE

0 comments:

Post a Comment