Nifty ends volatile trading session 44 points lower

Media stocks outperform in today's session.

Feb 26, 2019 10:02 IST India Infoline News Service

Analyzing Market Algorithms
Indian equity markets witnessed an extremely volatile trading on Tuesday following the air strike by IAF on terror camps in Pakistan.

The Nifty ended the session 44 points lower at 10,835 after hitting an intraday low of 10,729, while Bank Nifty settled 206 points lower at 26,952.

India Vix witnessed a sharp surge of 10.98% ending the session at 17 with traders expecting volatility in the market to persist in the near term due to geopolitical tensions.

Among the sectoral indices, Nifty Media was the top performer, up 3.22% on the back of a strong rally in ZEE Entertainment and SunTV, which ended the session 6% and 3.18% higher, respectively. 

Nifty and Bank Nifty futures saw unwinding of long positions.

Heavy call writing was seen in Nifty 11000CE & Bank Nifty 27400CE, indicating a ceiling level for the indices around the mentioned strike levels during the February series.

Top 2 F&O Gainers: ADANI POWER, RCOM
Top 2 F&O Losers: SUZLON, HDIL
Nifty -44 @10,835
Bank Nifty -206 @26,952
Most Active Index Option Contract (28th Feb)
Call Option 11000CE, O.I.:~ +7 lakh shares
Put Option 10700PE, O.I.:~ 7.49 lakh shares
Nifty Max O.I Strikes (Feb 28th Feb) 11000CE, 10500PE

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