Markets crack in final hour of trade

Broad based selling witnessed in Nifty as it ends 0.54% lower.

May 17, 2018 10:05 IST India Infoline News Service

Nifty traded sideways right through the day before witnessing selling pressure in the final hour of trade, ending the session 0.54% lower at 10,682. Broad based selling was witnessed with Nifty FMCG being the worst performing Index ending 1.28% lower after having rallied in the past few sessions. ADAG stocks were the star performer in today’s trade with RCOM and Reliance Naval ending ~56% and 33% higher, respectively.

Tracking the derivative data points, Nifty futures and Bank Nifty Futures witnessed a surge in open interest to the tune of ~7.96 lakh shares and 80,000 shares, respectively mainly short positions. 

Tracking the Nifty Index Options, call writing was witnessed in at the money and major out of the money strikes with 10700CE and 10800CE adding ~9.73 lakh shares and ~8.49 lakh shares, respectively.

India VIX index ended the session 0.22% lower at 13.40.

Nifty   -58 points @ 10682
Bank Nifty -108 points @ 26073
Top 2 F&O Gainer RCOM, RELIANCE NAVAL
Top 2 F&O Loser PTC,GSFT
Most Active Index Option Contract
Call Option 10700CE, O.I: + 9.73 lakh shares
Put Option 10300PE, O.I: +3.85 lakh shares
Nifty Max O.I Strikes 11000CE, 10500PE

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