Markets close at record high, Nifty ends July expiry 5.46% higher

Nifty hit its lifetime high during intraday trade on Thursday.

Jul 26, 2018 10:07 IST India Infoline News Service

Bull Market
Markets traded with a positive bias right through the day with Nifty ending the session 35 points higher at 11,167; Nifty also managed to hit an all-time high during intraday trade. But the star performer in today’s session was Bank Nifty gaining 1.39%. The rally was led by PSU Bank stocks after Canara Bank posted better than expected Q1 earnings; ICICI Bank also posted strong gains ending 4.13% higher. Nifty PSU Bank Index managed to end the day 5.53% higher.

Tracking the derivate data points, Nifty Futures and Nifty Bank Futures witnessed a surge in open interest to the tune of ~46.3 lakh shares and ~7.2 lakh shares, respectively mainly long positions taking July and August data into consideration.

On the options front, Bank Nifty witnessed heavy short covering which propelled the Index higher. 27100CE and 27200CE witnessed a reduction in open interest to the tune of ~6.59 lakh shares and ~9.67 lakh shares, respectively.

India Vix index closed 1.49% lower at 12.02 level.

Nifty +35 points @ 11167
Bank Nifty +375 points @ 27406
Top 2 F&O Gainer Shriram Trans Finance,REC
Top 2 F&O Loser Maruti Suzuki, Dish TV
Most Active Index Option Contract
Call Option 11100CE, O.I: ~-13.13 lakh shares
Put Option 11100PE, O.I:~10.8 lakh shares
Nifty Max O.I Strikes 11500CE, 11000PE (30st Aug Expiry)

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