Markets plummet; Nifty closed ~1.5% lower

Nifty & Bank Nifty futures added fresh open interest consisting mainly of short positions.

Apr 22, 2019 10:04 IST India Infoline News Service

Indian equity markets traded with a negative bias throughout the day as across the board short selling was seen in major sectoral indices.

Nifty Bank index underperformed the benchmark index by ~0.7% with both the indices closing at the lowest point of today’s trade. Nifty PSU Bank index closed ~3% lower with heavy short positions being formed in major heavyweights like PNB & Canara Bank.

Nifty Midcap 100 index closed 1.86% lower as market breadth ended in the favour of the declines with advance/decline ratio closing at 1:3x.
 
Nifty & Bank Nifty futures added fresh open interest consisting mainly of short positions.
 
On the options front (April 25, 2019 expiry), across the board short selling was witnessed in at the money and out of the money Nifty call option strikes with Nifty 11700CE adding ~30 lakh shares in open interest consisting of mainly short positions.

India VIX closed at 24, up ~5.7%.
 
Top 2 F&O Gainers: DCB & BHARTIAIRTEL
Top 2 F&O Losers: DHFL & PCJEWELLER
Nifty -158 @11,594
Bank Nifty -595 @29,688

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