Top open interest losers on Wednesday

Open interest of Cholamandalam Investment and Finance Company and Jaiprakash Associates have witnessed long unwinding positions during Wednesday’s trade.

Aug 02, 2017 06:08 IST India Infoline News Service

Analyzing Market Algorithms
Open interest of Cholamandalam Investment and Finance Company and Jaiprakash Associates has witnessed long unwinding positions during Wednesday’s trade. 
                                                                                                    
Meanwhile, Indian Bank, Allahabad Bank and Tech Mahindra have witnessed short covering positions.
  
Following were the top five open interest losers:
Stock Symbol OI Change (%) Share Price 
Change (%)
CHOLAFIN (3.38) (0.29)
INDIANB (3.35) 2.04
ALBK (1.26) 0.20
JPASSOCIAT (1.24) (3.34)
TECHM  (1.16)  0.10
  
Sectoral indices on the BSE were trading with mixed sentiments wherein Capital Goods and FMCG indices were losing and Telecom and Utilities indices were gaining the most.
 
Meanwhile, BSE Sensex lost 17 points or 0.05% at 32,557 level and Nifty slipped 15 points at 10,099 level. 

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