Nifty ends 57 points lower; manages to hold 10,700

Nifty Pharma outperformed its sectoral peers on the day to end 0.53% higher.

Jan 14, 2019 10:01 IST India Infoline News Service

Stock Market Uncertainty
Indian benchmark indices trended lower for the third consecutive day on Monday with Nifty ending the session 57 points lower at 10,737 and Bank Nifty ending down 205 points to 27,248.

The NSE Nifty, however, managed to close above its 200-DEMA after witnessing a mild recovery in the final hour of trade; it had hit an intraday low of 10,692.

Nifty Pharma, meanwhile, was the standout performer of the day and managed to end the session 0.53% higher.

Nifty and Bank Nifty saw a marginal addition of short positions as open interest soared higher with declining underlying price.

On the options front, short positions were created in Nifty out-of-the-money call strikes with 10900CE and 11000CE witnessing a surge in open interest to the tune of ~5.53 lakh shares and ~3.55 lakh shares, respectively. 

India Vix ended the day 5.26% higher at 16.15.

Top 2 F&O Gainers: Jet Airways, Strides Pharma
Top 2 F&O Losers: Dish TV, Federal Bank
Nifty -57 @10,737
Bank Nifty -205 @27,248
Most Active Index Option Contract
Call Option 10900CE, O.I.: ~+5.53 lakh shares
Put Option 10600PE, O.I.: ~+2.66 lakh shares
Nifty Max O.I. Strikes (Jan 2019) 11000CE, 10500PE

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