Live share market update: Markets drift lower for third straight session

Sector-wise, NIfty IT and Realty stocks were underperforming their index peers on Tuesday.

Feb 12, 2019 09:02 IST India Infoline News Service

Analyzing Market Algorithms
The Indian equity markets were trading with a negative bias in afternoon trade on Tuesday. The Nifty was trading points 44 points lower at 10,850, down for the third straight session, while Bank Nifty was 120 points lower at 27,105.

Sector-wise, Nifty IT and Nifty Realty were the worst performers after losing 1.15% and 1.2%, respectively.

The focus would now shift to the next round of trade talks between the US and China due to take place later this week.

On the options front, call writing was witnessed in out-of-the-money strikes with Nifty 10900CE and 11200CE witnessing an addition of ~3.23 lakh shares and ~2.43 lakh shares, respectively (28th Feb Expiry).

Top 2 F&O Gainers: CanFin Homes, Jindal Steel & Power
Top 2 F&O Losers: Kaveri Seed, Mahanagar Gas
Most Active Index Option Contract: (28th Feb)   
Call Option 10900CE, O.I.: ↑~3.23 lakh shares
Put Option: 10900PE, O.I.: ↑~1.8 lakh shares
O.I. Spurt
ESCORTS O.I.: ↑18%; Price: ↓3.5% (Fresh Short Positions)
RELINFRA O.I.: ↑19%; Price: ↓4.5% (Fresh Short Positions)

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