Market Trend
The BSE Sensex plunged 345.20 points or 1.73% to settle at 19,585.44 (Provisional) while the S&P CNX Nifty sank 118.30 points or 1.97% to end at 5,880.50.The BSE Sensex touched a high and a low of 19,982.75 and 19,504.87 respectively. There were 2 advances against 28 declines on the index.
Nifty Future & Option Trend
The 50-share S&P CNX Nifty is trading at 5,980.05, after losing 18.75 points or 0.31%.Nifty November futures saw an addition of 7.82% or 1.86 million (mn) units, taking the total outstanding open interest (OI) to 25.74 mn units. For Nifty calls, 6000 strike price (SP) from the November series was the most active call with an addition of 1.57 mn or 32.65%. Among Nifty puts, 5900 SP from the November month expiry was the most active put with an addition of 0.66 mn or 8.86%. The maximum Call OI outstanding was at 6000 SP (6.39 mn) and that for Puts at 5900 SP (8.18 mn). The respective Support and Resistance levels are: Resistance 6,018.90 Pivot Point 5,974.40 Support 5,935.55.The Nifty Put Call Ratio (PCR) OI wise stood at 0.88 for November-month contracts.
Among blue-chip counters, Hero Honda, Bharti Airtel, L&T and HUL were the only gainers on the BSE Sensex today. On the other hand, Reliance Infra, Hindalco Industries and Wipro were the major laggards on the index.
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