Live share market update: Markets witness sharp correction, Zee Enterprises tanks ~22%

Zee Entertainment is the top F&O loser in today's session. The stock plunged ~22% to its 52-week low.

Jan 25, 2019 02:01 IST India Infoline News Service

Indian equity markets are witnessing a sharp pullback from the high point of the day. The Nifty was trading 63 points lower at 10,788 after hitting an intraday high of 10,931, while Bank Nifty was down 108 points to 27,158 with broad-based selling pressure seen in the market.

Among the sectoral indices, Nifty Media and Nifty Realty were top losers down 6.87% and 2.29% lower, respectively. The former was dragged by Zee Entertainment, the top loser in the F&O segment, trading 22% lower.

On the options front, call writing was witnessed in ATM and OTM strikes with 10900CE and 11000CE witnessing an addition of ~4.9 lakh shares and ~3.2 lakh shares, respectively.

Top 2 F&O Gainers: Bharti Infratel, Yes Bank
Top 2 F&O Losers: ZEE Entertainment, Dish TV
Most Active Index Option Contract:   
Call Option 10900CE, O.I: ↑ ~4.9 lakh shares
Put Option: 10900PE, O.I: ↑~6.98 lakh shares
O.I Spurt
ZEEL O.I↑41%   Price↓22% (Fresh Short Positions)
DISH TV O.I↑9.7%  Price↓14% (Fresh  Short Positions)

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