Live share market update: Markets underperform Asian peers, Nifty down 50 points

Geopolitical concerns keep bulls on the sideline

Feb 18, 2019 07:02 IST India Infoline News Service

Analyzing Market Algorithms
Indian equity markets continue to trade with a negative bias in early afternoon trade on Monday. Nifty was down 50 points at 10,674 while Bank Nifty was 11 points lower at 26,782. Domestic markets faced selling pressure on account of geopolitical concerns. 

Barring India all the Asian peers posted strong gains with the likes of Shanghai Composite and Nikkei up 2.26% and 1.82% respectively on account of optimism about trade talks between US and China.

Among the sectoral indices, Nifty IT and Nifty FMCG were the worst performers, down 1.02% and 1.04% respectively.

India Vix witnessed a sharp surge, up 7.62% at 17.71 indicating that the volatility will persist over the short term in the market.

Option chain data indicates that Nifty currently faces resistance at the 10700 mark followed by 10800 with 10700CE and 10800CE having an open interest buildup of ~14 lakh and ~20 lakh shares respectively (21st Feb Expiry).

Top 2 F&O Gainers: RCOM, DISH TV
Top 2 F&O Losers: KPIT, IDBI Bank
Most Active Index Option Contract: (21st  FEB)   
Call Option 10700CE, O.I: ↑ ~ 10.55 lakh shares
Put Option: 10600PE, O.I: ↑~ 2.63 lakh shares
O.I Spurt
STAR O.I↑6.23%   Price ↑3.23% (Fresh Long Positions)
JUBLFOOD O.I↑11.46%  Price↑2.67%  ( Fresh Long Positions)

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