Markets ends the week on a lackluster note

Reliance Industries continues to shine for the sixth day in a row.

Jul 13, 2018 10:07 IST India Infoline News Service

Stock market report with bull and bear
Markets traded in a narrow range throughout the session in Friday's trade while PSU Bank and MidCap index continued to witness heavy selling pressure, ending the day ~1.5% & 2% lower, respectively.

Reliance Industries continued its winning streak for the sixth day in a row, gaining ~1.6% backed by an addition of 23.87lakh shares in open interest, consisting mainly of long positions. The market breadth ended in favor of the declines with the advance/decline ratio closing at 1:3x

Tracking the derivative data points, Nifty future and Nifty Bank futures witnessed an addition of open interest to the tune of ~8.5 lakh and ~7 thousand shares, respectively.

On the options front, across the board short selling was witnessed in Nifty/Bank Nifty out-the-money call and put option strikes with a reduction in the implied volatility, hinting an expectation of a range-bound activity.
 
India Vix index ended the session 1.5% lower at 12.3.

Nifty -4 points @11,019
Bank Nifty -90 points @26,935
Top 2 F&O Gainer Titan, Adani Enterprise
Top 2 F&O Loser PVR, NCC
Most Active Index Option Contract
Call Option 11200CE, O.I: ~+5.07lakh shares
Put Option 11000PE, O.I: ~+7.6lakh shares
Nifty Max O.I Strikes 11000CE, 10600PE

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