Taking bearish cues from overseas markets opened gap down. Selling continued till 11am, then a minor rally which was again folloed by another round of selling. Eventhough market remained highly choppy the volatility index remained low, which shows some uncertainty in the direction of Nify. The thin volume suggests that majority of professional traders are away from the markets for holiday. There is a huge build up in the 5000 call option. Nifty's december future's discount has increased from 0.9 to 4.5. Nifty finally closed at 4952 (-0.70%), 35 points down.
Trading Highlights
- Axis Bank(+2.07%), TCS(+1.15%), Cairn(+1.06%), Reliance (+0.58%) and NTPC(+0.51%) were the top gainers in the Nifty stocks
- Hindalco(-4.59%), M&M(-3.57%), Cipla(-3.38%), IDFC(-3.33%) and HCLTech(-3.09%) were the top losers amon the Nifty stocks
- Advance : Decline in Nifty is 9:40.
- Index Options PCR is at 0.81
- India VIX has decreased -1.76% to 26.19
- FII's were net sellers in the cash market with equities worth Rs. 291 Cr
- DII's were net buyers in the cash market with equities worth Rs. 353 Cr
- Construction and Telecom stocks were the negative draggers in the nifty
- S&P 500 is trading at 114.05 (+1.05%)
- USD Index is closed at 78.07 (+0.41%)
- Crude Oil is trading at 72.99 (-1.22%)
- Gold is trading at 1094 (-0.111%)
- INR/USD is trading at 46.81
- BDI is at 3154 (-3.19%)
- Commodity Index is at 274.78 (-0.49%)
- SGX Nifty is currently trading at 4952, +12 points from the prev settlement
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