Index Action
Nifty50
The Nifty50 ended a volatile session with sharp cuts as the global markets reacted negatively to the spike in US treasury yields. Losses across sectors, led by IT, Oil & Gas and automobile pulled the index lower. The Nifty50 dropped 195 points to end the day at 18,113.
The Nifty50’s monthly options expiring on January 27 have sizable positions at 18,300 and 18,500 call options and 18,000 and 17,500 put options.
The Nifty50’s weekly options expiring on January 20 have sizable positions at 18,300 and 18,400 call options and 18,000 and 17,800 put options.
As per options data, the broad range for the Nifty50 is between 17,200 and 18,900 levels. Its immediate support is at 17,800 and resistance is at 18,400 levels.
Bank Nifty
The Bank Nifty traded strong for most part of the day but sell-off in the last hour dragged it more than 750 points. It ended the day 5 points lower at 38,210.
The Bank Nifty50’s monthly options expiring on January 27 have sizable positions at 38,500 and 39,000 call options and 38,000 and 37,000 put options.
The Bank Nifty50’s weekly options expiring on January 20 have sizable positions at 39,000 and 38,500 call options and 38,000 and 37,500 put options.
As per the options data, the broad range for Bank Nifty, is between 36,800 and 39,600 levels. Its immediate support is at 37,700 and resistance is at 38,900 levels.
Stock Action
Today’s top gainers were Chola Investments, Axis Bank, ICICI Lombard, Godrej Consumer and Dr.Reddys.
Today's top losers were Rain Industries, Ambuja Cements, India Cements, Apollo Hospitals and Ramco Cements.
Sector Update
No major sectoral index closed in the green today.
Realty and Auto sectors, followed by Metals, came under selling pressure today. Stocks like DLF, Godrej Properties, Maruti Suzuki, Eicher Motors and Hindustan Copper closed in the red.
Major News
Delhivery, a supply chain company, has received approval from SEBI to raise ₹7,460 through initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO comprises fresh equity shares worth ₹5,000 crores and an offer for sale (OFS) of ₹2,460 crores.