Live share market update : Markets correct, Nifty near low point of the day

Tata Motors corrects 18.8% following Q3 numbers

Feb 08, 2019 01:02 IST India Infoline News Service

Indian equity markets continue to trend lower in early afternoon trade on Friday. Nifty is trading 113 points lower at 10,954 near the low point of the day, while Bank Nifty was 140 points lower at 27242.

Nifty witnessed a pullback after surging higher for the past 6 trading sessions.

Among the sectoral indices, Nifty Auto and Nifty PSU Bank Index were the top losers, down 3.13% and 2.03% respectively. 

Tata Motors was the top loser in the F&O segment, down 18.5% after the company posted a weak set of Q3 numbers which were impacted by an exceptional item of asset impairment of Rs27,838cr.

On the options front call writing was witnessed in out of the money strikes with Nifty 11200CE witnessing an addition of ~4.9 lakh shares.

Top 2 F&O Gainers: Reliance Capital,  RPOWER
Top 2 F&O Losers: TATA Motors, Union Bank
Most Active Index Option Contract:   
Call Option 11200CE, O.I: ↑ ~ 4.9 lakh shares
Put Option: 11000PE, O.I: ↑~ 5.38 lakh shares
O.I Spurt
Tata Motors O.I↑30%   Price↓18.8% (Fresh Short  Positions)
Union Bank O.I↑13.8%   Price ↓6.3%  ( Fresh  Short Positions)

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