Live Market Update: Markets trade in a narrow range; OMC stocks outperform

OMC stocks are buzzing in trade with HPCL & BPCL gaining ~3%/2% on account of short covering.

Apr 24, 2019 06:04 IST India Infoline News Service

Indian equity markets are trading on a flat note with both Nifty & Bank Nifty index trading in a narrow band.

OMC stocks are buzzing in trade with HPCL & BPCL gaining ~3% and 2% respectively on account of short covering.

Tata Motors tumbled ~5% lower as open interest soared, hinting a build-up of short positions.

Indiabulls Reale Etate gained ~10% in trade over rumours of promoter stake sale. 

Nifty & Bank Nifty options are witnessing a formation of short vega positions as the contracts approach expiry in tomorrow’s trade.

India VIX is trading at 23.75, down 3.5%.
 
 
Top 2 F&O Gainers: CGPOWER & PCJEWELLER
Top 2 F&O Losers: TATAMOTORDVR & TATAMOTOR
Nifty +21 @11,597
Bank Nifty +51 @29,552

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