Markets witness a range bound trade


In today’s trade, markets traded in a narrow range throughout the day with benchmark index closing in negative territory.

Nifty midcap and Nifty Bank index gave marginal outperformance with both the indices closing in the green.

Axis Bank surged ~8%, adding fresh open interest to the tune of ~60.1 lakh shares, mainly long positions.

Market breadth also remained neutral, with Advance/Decline ratio closing at 1:1x.

Bank Nifty remained muted, with its index future unwinding just ~17k shares in open interest whereas much larger participation was seen in Nifty, with its future contract adding ~6 lakh shares in open interest.

Tracking the options front,  Bank Nifty ATM 25000CE & PE strikes added fresh open to the tune of ~90k/~40k shares, mainly short positions.

India Vix index closed ~2.5% higher, gaining ~8% in the last two trading session.

Nifty:-28 points @ 10335
Bank Nifty: +30 points @ 25019
Top 2 F&O Gainer:RELAINCE COMMUNICATION, AXIS BANK
Top 2 F&O Loser:UNION BANK, IDBI BANK
Most Active Index Option Contract:
Call Option: 10500CE, O.I: ↑ ~1.2 lakh shares
Put Option:10300PE, O.I: ↑~ 3.7 lakh shares
Nifty Max O.I Strikes:10400CE, 10000PE
Bank Nifty Max O.I Strikes:25500CE, 24500PE (2nd Nov 2017 Expiry)

Click Here For Free Trial :

Comments

Post a Comment

Popular posts from this blog

Top stocks in focus today: SBI, L&T, Bharat Fin, ONGC, Infosys, HDFC

Image
Ashok Leyland: Is looking at investing 4-5 bln rupees in its electric vehicle business over the next three to five years, Managing director Vinod Dasari said. Au Small Finance Bank: Has signed a three-year pact with Small Industries Development Bank of India to fund term  loan  proposals worth 2.5-20.0 mln rupees related to micro, small and medium enterprises. Bajaj Hindusthan Sugar: Board has approved the conversion of its  loan s from lenders into optionally convertible debentures or optionally convertible preference shares, under the Reserve Bank of India's scheme for sustainable structuring of stressed assets. Bharti Airtel: LPG subsidy recipients who had Airtel Payments Bank accounts were not getting their share of subsidy for the past few weeks, according to the Ministry of Petroleum and Natural Gas. Cadila Healthcare: Has received an approval from the US Food and Drug Administration to market Tamoxifen Citrate tablets USP in 10-mg, 20-mg streng...
Read more

Live Stock Market Updates - Nifty, Sensex close to their morning highs; United Spirits gains by 16%

Image
Nifty and Sensex trading close to their morning highs as Pharma, FMCG and Auto Index pose strong gains. Pharma stocks up by 2.5%, lead by strong gains of Sun Pharma, Cipla, and Aurobindo Pharma, while Tata Motors lead the Auto Index. At 12:49 PM, the S&P BSE Sensex is trading at 33,276, up by 128 points, while NSE Nifty is trading at 10,355, up by 12 points. The BSE Mid-cap Index is trading up by 0.6% at 16,432 whereas BSE Small-cap Index is trading up by 0.58% at 17,356. Adani Ports, Sun Pharma, ITC, Bajaj Finance and Tata Motors are among the gainers, whereas YES Bank, Infratel, Bharti Airtel, Indian Oil and HPCL are losing steam on NSE. Some buying seen in Basic Materials, Healthcare, Industrials, Auto, Utilities, and Capital Goods,  while Energy, Telecom, Bank, and Oil & Gas sectors show weakness on the BSE. The INDIA VIX is down by 2.1% at 11.37. Out of 1,972 stocks traded on the NSE, 1,007 advanced, 633 declined, and 332 remained unchanged...
Read more

How Insurance Can Improve the Ease of Doing Business

Image
World Bank’s Ease of Doing Business report that came out in the first week of November 2017 had quite a focus on insurance in it. It pointed out that if India has to improve its ranking in the annual report, the role of insurance has to be reconsidered in a positive sense in 6 out of the 10 criteria highlighted.   The overall ranking of India has improved to the 100 th  position among the 190 countries this time however, economists believe it is still low and there’s a lot of scope for improvement. Some of the sectors where insurance can either improve the country’s ranking or assist in coping with the issue pointed out are: 1. Dealing with Construction Permits The worst performance in the entire report is reflected under this criteria. Here, India has been ranked 181 out of the 190 countries listed with an entire section dedicated just to liability and insurance. The World Bank offers thesuggestion that even after a building is occupied, the architects, engineers, tec...
Read more