Markets close on lacklustre note; Realty stocks outperform

Bank Nifty futures continued its upward momentum by adding fresh long positions.

Mar 14, 2019 10:03 IST India Infoline News Service

Indian equity markets traded in a narrow range throughout the day as a marginal hint of profit booking weighed in. Nifty Realty index was among the top outperformers, closing ~2% higher led by a strong rally in DLF, which gained 5% at close and managed to add fresh long positions.

Nifty IT index remained under selling pressure for the 6th day in a row along with rising PCR, indicating a negative bias. IndusInd Bank & Just Dial added long positions with a fresh spike in open interest for the third day in a row. Market breadth ended in favour of declines with the advance/decline ratio closing at 1:2x.
 
Bank Nifty futures continued its upward momentum by adding fresh long positions.

On the options front (March 20, 2018 expiry), across the board, short positions were created in both at-the-money & out-the-money call & put options as both Nifty & Bank Nifty traded in a narrow range.

India VIX closed at 15.1, down 1%.
Top 2 F&O Gainers: NBCC & PCJeweller
Top 2 F&O Losers: Relcap & Rpower
Nifty +1 @11,343
Bank Nifty +40 @29,023
Most Active Index Option Contract (20h March)
Call Option 11600CE, O.I.:~ +3 lakh shares
Put Option 11300PE, O.I.:~ +2.6 lakh shares
Nifty Max O.I Strikes (March 20th 2019) 11500CE, 11300PE

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