Live share market update : Markets consolidate, Nifty up 24 points

Adani group stocks outperform

Feb 13, 2019 07:02 IST India Infoline News Service

Stock market report with bull and bear
Indian equity markets witnessed consolidation in early afternoon trade on Wednesday after having seen heavy selling pressure in the past three trading sessions. The Nifty was trading 24 points higher at 10,855 while Bank Nifty was 52 points higher at 27,063.

Adani group stocks witnessed a sharp surge with the likes of  Adani Power and Adani Ent. trading 8.25% and 5.9% higher respectively.

Among sectors, Nifty Realty was the top gainer, up 0.93%.

The focus continues to remain on the Q3 earnings with nearly 500 companies set to announce their results today. Some of the prominent companies that would be announcing the results today are Adani Gas, Adani Transmission, BOSCH, Fortis Healthcare, NBCC, PTC,  Reliance Capital and Repco Home Finance

On the options front, call writing continued to be witnessed in out of the money strikes with Nifty 10900CE and 11000CE witnessing an addition of ~6 lakh shares and ~7.14 lakh shares respectively (14th Feb Expiry).

Top 2 F&O Gainers: Adani Power, Adani Ent
Top 2 F&O Losers: CG Power,  Jain Irrigation
Most Active Index Option Contract: (28th FEB)   
Call Option 11000CE, O.I: ↑ ~ 7.14 lakh shares
Put Option: 10800PE, O.I: ↑~ 5.89 lakh shares
O.I Spurt
BATA INDIA O.I↑34%   Price ↑3.9% (Fresh Long  Positions)
UPL O.I↑4.73%   Price ↑2.6%  ( Fresh  Long Positions)

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