After a gap up opening of around 25 points nifty faced selling pressure in 4980-90 zone. The rest of the trading session remained choppy. Nifty was trading in very narrow range of 20 points during major portion of the day. Day traders in Nifty might had a bad time. Eventhough there is heavy selling at higher levels, we are also seeing good buying emerging at lower levels, making it a tough tug of war between bulls and bears. Nifty closed slightly positive at 4985 (+0.67%)
Trading Highlights
- SAIL(+7.41%), Suzlon(+4.76%), Tata Steel(+4.25%), Hindalco(+4.08%) and Bharti Airtel(+3.68%) were the top gainers in the Nifty stocks.
- ACC(-2.28%), ONGC(-1.23%), Grasim(-1.20%), TCS (-1.16%)and JP Associates(-0.84%) were the top loosers among the Nifty stocks
- Advance : Decline in Nifty stocks is 35: 15
- Index Options PCR is at 0.95
- India VIX has decreased 6.38% to 24.52
- FII's were net sellers in cash market with equities worth Rs. 110 Cr
- DII's were net buyers in cash market with equities worth Rs. 510 Cr
- Metals and Telecom stocks were leading gainers among Nifty stocks
- Cement and IT stocks were dragging Nifty down
- There is huge OI build up in 5000 Call options in last couple of days
- S&P 500 has closed at 1118 (+0.36%)
- USD Index is at 78.28 (+0.26%)
- Crude Oil is trading at 73.5 (+0.05%)
- Gold is trading at 1085 (-0.13%)
- Baltic Dry Index (BDI) is at 3063 (-2.85%)
- Commodity Index is at 274.89 (+0.04%)
- SGX Nifty is trading -11 points down at 4985
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