Markets end flat; stock price of Indiabulls group recovered

Shares of Indiabulls group witnessed a sharp recovery in trade after the writ petition against Indiabulls Housing Finance was withdrawn in SC, leading to a sharp gain of ~12% in the share price of Indiabulls Housing Finance.

Jun 13, 2019 10:06 IST India Infoline News Service

stock market
Indian equity markets closed on a flat note after recovering its opening loses in the closing part of the trade. Nifty Midcap index underperformed the benchmark index by ~0.3%. Nifty IT index closed ~0.7% lower, while the PSU Bank index closed ~1% lower.

HDFC Bank & Kotak Bank were among the top contributors to the Nifty’s gains. Shares of Indiabulls group witnessed a sharp recovery in trade after the writ petition against Indiabulls Housing Finance was withdrawn in SC, leading to a sharp gain of ~12% in the share price of Indiabulls Housing Finance. Market breadth ended in the favour of the declines with advance/decline ratio closing at 1:2x.

On the options front (June 20, 2019 expiry), across the board short selling was witnessed in out of the money call & put option strikes of Nifty with 12,000 and 11,800 level acting as an immediate ceiling and floor levels for the index.

India VIX closed at 13.66, down ~3.26%.
 
 
Top 2 F&O Gainers: IBULHSGFIN & PCJEWELLER
Top 2 F&O Losers:  JET AIRWAYS & YESBANK
Nifty  +8 @11,914
Bank Nifty +10 @30,976

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