Tuesday, 11 December 2018

Markets Crack Nifty Ends 205 Points Lower

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


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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

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