Market Review
The BSE Sensex lost 38.81 points or 0.19% to settle at 19,966.56 while the S&P CNX Nifty fell 4.55 points or 0.08% to end at 6,008.10.
The BSE Sensex touched a high and a low of 20,185.46 and 19,869.32 respectively. There were 19 advances against 10 declines while 1 stock remained unchanged on the index.Sensex crashes in the last hour of the trading session. A sudden bout of selling in scrips across the sectors dragged the Sensex and Nift below 6000 and 20000 levels.
Nifty Futures Trend
Nifty November futures saw an addition of 43.15% or 7.62 million (mn) units, taking the total outstanding open interest (OI) to 25.28 mn units.
For Nifty calls, 6200 strike price (SP) from the November series was the most active call with an addition of 0.50 mn or 15.77%. Among Nifty puts, 6000 SP from the November month expiry was the most active put with an addition of 1.13 mn or 36.76%. The maximum Call OI outstanding was at 6200 SP (3.71 mn) and that for Puts at 6000 SP (4.23 mn). The respective Support and Resistance levels are: Resistance 6,049.83 Pivot Point 6,008.97 Support 5,946.83. The Nifty Put Call Ratio (PCR) OI wise stood at 1.15 for November-month contracts.
USE Exchange will Start on 29 October
United Stock Exchange of India (USE) on Thursday said it will commence live operations in dollar-rupee currency options from October 29.The call and put options will be introduced on the USD-INR spot rate with 12 'In The Money', 12 'Out of The Money' and 1 'Near The Money' Option with a strike price interval of 25 paise, thereby providing a price scan range of Rs. 6.25, according to a company release.
These options will be available for expiry in the three near months and the three quarterly months going up to one-year allowing users flexibility to take price insurance up to one-year on foreign exchange.USE has successfully conducted mock trading session for members on this new product, the release said.
All 21 Indian public sector banks have promoted United Stock Exchange by investing in its equity. Besides, five private sector banks also have an equity participation in the Exchange-they are Axis Bank, Federal Bank, HDFC Bank, ICICI Bank and J&K Bank.
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