Nifty ends the day higher led by Infosys

The Nifty IT index outperformed the benchmark index closing ~3% higher led by a strong rally in Infosys.

Jul 15, 2019 10:07 IST India Infoline News Service

Indian equity markets witnessed a lacklustre trading session with the Nifty closing in the green and Bank Nifty ending in the red.

The Nifty IT index outperformed the benchmark index, closing ~3% higher led by a strong rally in Infosys. Infosys futures added heavy amount of open interest as the stock price breached its lifetime high levels, indicating an addition of long positions.

The Nifty Midcap 100 index underperformed the benchmark index, closing ~1% lower.

The market breadth ended in favor of declines with the advance/decline ratio closing at 1:2x.

On the options front (July 18, 2019 expiry), across-the-board short selling was seen in Nifty OTM call & put option strikes, making 11,700 level as an immediate ceiling and 11,400 as a floor level for the weekly series.

India vix closed at 12.5, down 8.6%.
 
Top 2 F&O Gainers: INFOSYS & DISHTV
Top 2 F&O Losers: DHFL & RBL BANK
Nifty  +35 @11,535
Bank Nifty -147 @30,454

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