Live Market Update: Markets trade negative; Reliance Industries underperforms

Nifty & Bank Nifty weekly put options are witnessing a formation of long vega positions as the implied volatility soars.

Apr 22, 2019 06:04 IST India Infoline News Service

Market Crisis
Indian equity markets are trading on a negative note with both Nifty & Bank Nifty index trading lower.

Reliance Industries is trading ~2% lower backed by lower than expected Q4FY19 earnings.

Nifty Bank index is underperforming the benchmark index with profit booking seen in major heavyweights like ICICI Bank, Kotak Bank & SBI, all trading in red.

Nifty & Bank Nifty weekly put options are witnessing a formation of long vega positions as the implied volatility soars.

India VIX is trading at 24, up 5.5%.
 
 
Top 2 F&O Gainers: DCB & ICICIPRU
Top 2 F&O Losers: DHFL & PCJEWELLER
Nifty -95 @11,657
Bank Nifty -294@29,929

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