Live share market update: Markets trade rangebound, Nifty up 11 points

PSU Bank stocks are outperforming in today's session.

Jan 30, 2019 07:01 IST India Infoline News Service

IT Stocks Up
Indian equity markets were trading rangebound in afternoon trade on Wednesday.

The Nifty was trading 11 points lower at 10,673, while Bank Nifty was up 192 points at 26,848 led by a surge in PSU banking stocks. The Nifty PSU Banking index was the top performer, up 1.32%.

DHFL, meanwhile, was the top loser in the F&O segment, down 11%.

Options writing was witnessed in out-of-the-money strikes with Nifty 10700CE and 10600PE witnessing a surge in open interest as traders tried to benefit from the sideways consolidation in the index.

The focus is set to remain on Q3 earnings with the likes of Ajanta Pharma, Bajaj Auto, Bharat Electronics, Castrol, Hexaware Technologies, ICICI Bank, IIFL Holdings, JSW Energy, Jubliant Foodworks, LIC Housing, NTPC, and Tata Communications Ltd. set to announce their results later in the day.

Top 2 F&O Gainers: Adani Power, Syndicate Bank
Top 2 F&O Losers: DHFL, PTC
Most Active Index Option Contract:   
Call Option 10700CE, O.I: ↑ ~11.51 lakh shares
Put Option: 10600PE, O.I: ↑~5.6 lakh shares
O.I Spurt
Adani Power O.I↓26%   Price↑13.8% (Short Covering)
DHFL O.I↑26.6%   Price↓11%  (Fresh Short Positions)

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