Nifty ends week lower; TCS nosedives

Nifty & Bank Nifty futures saw a reduction in open interest along with a fall in the underlying price, indicating an unwinding of long positions.

Jan 11, 2019 10:01 IST India Infoline News Service

Stock Market Trader, Stock Trader, Trading
Indian benchmark indices witnessed a lackluster trading session come to an end with Nifty & Bank Nifty closing lower for the second day in a row.

TCS was among the top losers on the benchmark index and tumbled ~2% on the day after the company missed its Q3FY19 margin.

On the derivatives front, TCS futures added fresh short positions while heavy call writing was seen in out-of-the-money option strikes. Among the sectoral indices, Nifty FMCG was among the outperformers and closed ~0.6% higher.  

Nifty & Bank Nifty futures, meanwhile, saw a reduction in open interest along with a fall in the underlying price, indicating an unwinding of long positions.

On the options front, short positions were created in Nifty out-the-money call strikes with 11000CE witnessing a surge in open interest to the tune of 6.5 lakh shares.

India Vix ended the day 0.08% higher at 15.35.
 
Top 2 F&O Gainers: Jet Airways, Repco Home
Top 2 F&O Losers: SREI Infra, Indigo
Nifty -27 @10,795
Bank Nifty -75 @27,453
Most Active Index Option Contract
Call Options 11000CE, O.I.: ~+4.6 lakh shares
Put Options 10000PE, O.I.: ~+2.75 lakh shares
Nifty Max O.I. Strikes (Jan 2019) 11000CE, 10500PE

Related Story