Markets end marginally higher; Jet Airways took a nosedive

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.

Jun 18, 2019 03:06 IST India Infoline News Service

Stock Market Chart
Indian equity markets witnessed volatile swings, closing the trade on a positive note. Nifty Midcap index continued to underperform the benchmark index, closing ~0.1% lower.

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

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