Derivatives news

·        Nifty future opened positive but turned sharply negative after the credit policy announcements with no rate cuts .

·        Nifty Nov futures made a high of 5724.85, low of 5619.15 and finally closed at 5728.0.

·        Nifty spot closed at 5597.9 down by 67.7 points.

·        Bank Nifty closed at 11203.00 down by 269.0 points.

·        CNX IT closed at 6066.1 up by 33.7 points.

·        Nifty Nov futures closed with 30.10 point’s premium.

·        Nifty heavyweight stocks SBIN, BANKBARODA and TATAMOTORS witnessed short build-up.

·        Volatility India index VIX closed at 15.1 up by 0.33%.

·        PCR (Volume) is at 0.85.

·        Nifty Nov 5500-5600 put strikes have witnessed OI build-up.

·        Nifty Nov 5700-5800 call strike has witnessed call writing .

·        Banking sector closed down by 2.9%, major stocks that supported the move were CANBNK, BANKBARAODA, ORIENTBANK and SBIN.

·        Realty sector down by 3.6%, major losses were contributed by HDIL, IBREALEST, UNITECH AND DLF.

·        Cement sector closed down by 3%, the major stocks that supported the move were INDIACEM, JPASSOSCIAT and AMBUJACEM.

·        Finance, Banking, FMCG and Media sector witnessed maximum OI action.

Posted in: DERIVATIVES NEWSLATER