Index Action
Nifty50
The Nifty50 shrugged off yesterday’s losses and zoomed past 17,300. Gains across sectors pushed the index higher, with Auto and Financials being the biggest movers. Out of Nifty50 stocks, 48 stocks closed in green, and Nifty50 ended the day 509 points higher at 17,352.
The Nifty50’s monthly options expiring on February 24 have sizable positions at 18,000 and 17,500 call options and 17,000 and 16,500 put options.
The Nifty50’s weekly options expiring on February 17 have sizable positions at 17,700 and 17,500 call options and 17,000 and 16,800 put options.
As per options data, the broad range for the Nifty50 is between 16,200 and 18,200 levels. Its immediate support is at 16,900 and resistance is at 17,800 levels.
Bank Nifty
The Bank Nifty rebounded sharply and recouped most of yesterday's losses. All 12 stocks of the banking index ended comfortably in the green lifting the Bank Nifty 1,261 points to 38,170.
The Bank Nifty’s monthly options expiring on February 24 have sizable positions at 39,000 and 39,500 call options and 37,000 and 36,000 put options.
The Bank Nifty’s weekly options expiring on February 17 have sizable positions at 39,000 and 38,500 call options and 37,000 and 37,500 put options.
As per options data, the broad range for the Bank Nifty, is between 37,000 and 39,900 levels. Its immediate support is at 37,500 and resistance is at 39,200 levels.
Stock Action
Today’s top gainers were Indiamart, LIC Housing Finance, Birlasoft, India Cements and Delta Corp.
Today's top losers were Manappuram, Cipla, Metropolis, NMDC and ABB.
Sector Update
All Nifty sectoral indices closed in the green, and Auto (+4.0%) and PSU Bank (+3.9%) were the top gainers. Stocks like Tata Motors, Eicher Motors, Hero MotoCorp, RBL Bank and Bandhan Bank closed in the green.
Major News
As per reports, the Russian Defence Ministry has said that some troops in its military districts adjacent to Ukraine have started returning to bases after completing drills.