Stock Market Report
Bombay Stock Exchange’s Sensex ended the day at 19,224.12, down 467.69 points or 2.38% from the previous close. National Stock Exchange’s Nifty shut shop at 5,762.85, down 141.75 points or 2.4%.
HDFC Bank down by 5.00%, BHEL down by 4.76%, HDFC and Hindalco Industries were down by 4.44% and Jaiprakash Associate down by 4.18% were the top losers on the index. While, only Infosys up by 0.97% was the lone gainers on the Sensex.
SARIAH 50 declined 28.11 points or 2.33 % and settled at 1,179.80 from its previous close of 1,207.91. It touched a high of 1,209.70 and a low of 1,177.20 respectively.
Nifty Future Review
The 50-share S&P CNX Nifty finally settled at 5,762.85 after losing 141.75 points or 2.40%. Nifty January futures saw an addition of 13.47% or 2.75 million (mn) units, taking the total outstanding open interest (OI) to 23.19 mn units. For Nifty calls, 5900 strike price (SP) from the January series was the most active call with an addition of 2.46 mn or 87.45%. Among Nifty puts, 5800 SP from the January month expiry was the most active put with an contraction of 1.42 mn or 21.05%. The maximum Call OI outstanding was at 5900 SP (5.27 mn) and that for Puts at 5800 SP (8.18 mn). The respective Support and Resistance levels are: Resistance 5,866.42, Pivot Point 5,803.68 Support 5,700.12. The Nifty Put Call Ratio (PCR) OI wise stood at 0.83 for January-month contracts.
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