Markets witness a thumping recovery


In today’s trade, markets posted a strong recovery after witnessing a losing streak of 3 days.

Infosys remained the biggest contributor to Nifty, gaining ~3.8% at close. All the major indices gained ~1% with Nifty IT index gaining the most.

Nifty futures gained ~1.08% in trade and witnessed unwinding in open positions to the tune of ~1.02 lakh shares, hinting unwinding of short positions. 

Tracking the options front, Nifty ATM 10200CE & OTM 10300CE saw unwinding of short positions with a reduction in open interest to the tune of ~1.72/6.35 lakh shares, while short selling was witnessed across the board in all the major OTM put option strikes as the index moved higher.





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