Live stock market update: Nifty extends losses, trades 163 points lower

The benchmark NSE Nifty dipped below its 200-day EMA in intraday trade on Thursday.

Dec 06, 2018 09:12 IST India Infoline News Service

The Indian markets continued to trend lower after opening gap down on Thursday. The Nifty is currently trading 163 points lower at 10,625 while Bank Nifty is down 329 points at 26,190 in tandem with the selloff in global equities.

The benchmark NSE index also dipped below its 200-day EMA in intraday trade and added to the selling pressure in the market.

The volatility in the markets is set to persist ahead of the exit polls and OPEC meeting scheduled later in the day.

Meanwhile, all sectoral indices on the NSE were trading in the red with the Nifty Realty being the worst-performing index and trading 2.55% lower.

On the options front, Bank Nifty witnessed heavy call writing in out-of-the-money strikes with 26300CE and 26500CE adding ~28.3 lakh and ~28.7 lakh shares, respectively.

Top 2 F&O Gainers Sun Pharma, Siemens
Top 2 F&O Losers Muthoot Fin, NCC Ltd
Most Active Index Option Contract:
Call Option 11000CE, O.I: ↑~9.14 lakh shares
Put Option: 10300PE, O.I: ↑~ 4.5 lakh shares
O.I. Spurt
Muthoot Fin O.I.: ↑36%; Price: ↓7.7% (Fresh Short Positions)
JustDial O.I.: ↑25%; Price: ↓5.3% (Fresh Short Positions)

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