Markets closed on a negative note; OMC stocks tumble

Nifty & Bank Nifty index added fresh open interest, indicating a marginal addition of short positions.

Mar 22, 2019 10:03 IST India Infoline News Service

Indian equity markets ended on a negative note as across the board selling pressure was seen in majority of the sectoral indices. Nifty Midcap & Nifty Bank index underperformed the benchmark index by 0.2%/0.4%.

Nifty Realty index was among the gainers, closing 0.62% up. Oil Marketing companies like BPCL & HPCL added fresh short positions, closing the trade ~2.5% lower. Market breadth ended in the favour of declines with the advance/decline ratio closing at 1:2x.
 
Nifty & Bank Nifty index added fresh open interest, indicating a marginal addition of short positions. On the options front (March 28, 2018 expiry), short covering was witnessed in put writing positions, while fresh short positions were created in out of the money call option strikes.

India VIX closed at 16.27, up ~2.63%.
 
Top 2 F&O Gainers: Ntpc& Jet Airways
Top 2 F&O Losers: Motherson Sumi & Relcap
Nifty - 64 @11,457
Bank Nifty -250 @29,583
Most Active Index Option Contract (28h March)
Call Option 11600CE, O.I.:~ +15.8 lakh shares
Put Option 11500PE, O.I.:~ -2.72  lakh shares
Nifty Max O.I Strikes (March 28th 2019) 11600CE, 11000PE

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