Markets regain 11k for the first time since Feb 1, Sensex hits lifetime high

Reliance Industries hits $100 billion mark.

Jul 12, 2018 10:07 IST India Infoline News Service

Bull Market
Nifty continued its stellar run managing to regain the 11,000 mark for the first time since Feb 1. Reliance Industries was the major contributor to the rally ending the session 4.11% higher at 1,081, becoming the second Indian company after TCS to hit  $100 billion mark. However, profiting book was witnessed in the final hour of the trade with Nifty ending the session 74 points higher at 11,023 after hitting an intraday high of 11,078. Bank Nifty too ended the weekly expiry on a positive note 210 points higher at 27,026.

Tracking the derivate data points, Nifty future and Nifty Bank Futures witnessed an addition of open interest to the tune of ~12.24 lakh and ~93 thousand shares, respectively mainly on the long side.

On the options front, short covering was witnessed in at- the- money and out -of -the money strikes with 11000CE and 10900CE witnessing in a decline in open interest to the tune to ~4.78 lakh shares and ~7.8 lakh shares, respectively, while 11000PE added ~16.7 lakh shares in open interest.

India Vix index ended the session 2.15% lower at 12.50.

Nifty   +74 points @ 11023
Bank Nifty +210 points @ 27026
Top 2 F&O Gainer Balrampur Chini, GMR Infra
Top 2 F&O Loser PC Jeweller, Adani Power
Most Active Index Option Contract
Call Option 10900CE, O.I: ~-7.8 lakh shares
Put Option 11000PE, O.I:~+16.7 lakh shares
Nifty Max O.I Strikes 11000CE, 10600PE

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