Sensex, Nifty, & Bank Nifty index end at record highs

ICICI Bank posts strong gains ahead of Q1 earnings.

Jul 27, 2018 10:07 IST India Infoline News Service

Analyzing Market Algorithms
Markets traded with a positive bias right through the day with the Sensex, the Nifty, and Bank Nifty closing at record high levels. Across-the-board buying was witnessed on all major counters, with ICICI Bank posting strong gains ahead of its quarterly (Q1FY19) earnings. The market breadth ended in the favor of advances with advance-decline ratio closing at 2:1.

Tracking the derivative data points, Nifty futures and Nifty Bank Futures witnessed a surge in open interest to the tune of ~21.7 lakh shares and ~2.88 lakh shares, respectively, consisting mainly of long positions.

On the options front, Nifty out-of-the-money call option strikes added long positions, while out-of-the-money put option strikes added fresh short positions. 

India Vix index closed 2.33% lower at 12.31 level.

Nifty +111 points @11,278
Bank Nifty +228 points @27,634
Top 2 F&O Gainer Reliance Capital & Castrol India
Top 2 F&O Loser Cholamandalam Investments & Balkrishna Industries
Most Active Index Option Contract
Call Option 11400CE, O.I: ~+5.57 lakh shares
Put Option 11200PE, O.I: ~+10.9 lakh shares
Nifty Max O.I Strikes 11500CE, 11000PE (August 31 Expiry)

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