Live market update: Markets rebound after opening gap down

Pharma and IT stocks led the recovery in the markets.

Dec 11, 2018 07:12 IST India Infoline News Service

Stock market report with bull and bear
The Indian equity markets were witnessing an extremely volatile trading session after opening the day gap down on Tuesday.

The Nifty was trading 3 points lower at 10,484 while Bank Nifty was down 101 points at 25,999 with both indices rebounding strongly from their respective low points of the day.

The volatility in the markets is set to persist throughout the day as all eyes remain on the outcome of the state elections.

Pharma and IT stocks relatively outperformed with Nifty Pharma being the top performer and trading 2.08% higher.

On the options front, put writing is currently witnessed in out-of-the-money put options with 10000PE and 10100PE witnessing an addition of ~9.83 lakh shares and ~6.21 lakh shares, respectively.

India Vix witnessed a sharp drop of 12.91% to 17.8.

Top 2 F&O Gainers: Strides Pharma, Colgate
Top 2 F&O Losers: HPCL, BEML
Most Active Index Option Contract:
Call Option 11000CE, O.I.: ↑ ~9.83 lakh shares
Put Option: 10600PE, O.I.: ↑ ~8.85 lakh shares
O.I. Spurt
Colgate O.I.: ↑18%; Price: ↑5% (Fresh Long Positions)
Mahindra& Mahindra Finance O.I.: ↑11%; Price: ↑4% (Fresh Long Positions)

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