Nifty IT index closed ~0.7% higher with Infosys posting a strong move, closing ~1% higher. Shares of Jet Airways, Reliance Capital, Reliance Infra & DHFL closed down in the range of 20-50% along with an addition of heavy short positions.
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 with Nifty 11800CE & 11600PE carrying maximum open interest consisting of mainly short positions, indicating a formation of ceiling and floor level for the weekly series at 11800 and 11600 levels.
India VIX closed at 14.6, up ~0.34%.
|Top 2 F&O Gainers:||SRF & SHREECEMENT|
|Top 2 F&O Losers:||JET AIRWAYS & RELCAPITAL|