Markets off intraday highs as profit booking weighs in

Nifty midcap index is underperforming the benchmark index by ~0.3% as market breadth remains in the favor of the declines.

Mar 18, 2019 11:03 IST India Infoline News Service

Indian equity markets are witnessing a profit booking as majority of sectoral indices are off their opening highs. INR continue to appreciate, trading at 68.63, gaining 0.67%. HDFC Bank is the top index contributor, gaining ~1%. Just Dial & Equitas Ltd are trading with a positive bias on account of an addition of fresh long positons as open positions continue to soar along with a rise in underlying asset price. Nifty midcap index is underperforming the benchmark index by ~0.3% as market breadth remains in the favor of the declines.

Bank Nifty futures have seen long unwinding in last one hour of trade as the index gave away its opening gains of ~300 points.

India VIX is trading 7% higher at 16.7 level.
 
 
Top 2 F&O Gainers: Just Dial & Suzlon
Top 2 F&O Losers: Rcom & HCC
Nifty +30 @11,456
Bank Nifty +123 @29,505
Most Active Index Option Contract (20th March)
Call Option 11600CE, O.I.:~ +7.2 lakh shares
Put Option 11400PE, O.I.:~ +5.4 lakh shares
Nifty Max O.I Strikes (March 20th 2019) 11600CE, 11400PE

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