Index Action
Nifty50
Nifty50 extended the rebound for the second consecutive day and closed in the green. It closed 184 points higher at 16,955.
Nifty50’s monthly options expiring on December 30 have sizable positions at 18,000 and 17,000 call options and 16,500 and 17,000 put options.
Nifty50’s weekly options expiring on December 23 have sizable positions at 17,200 and 17,300 call options and 16,800 and 16,500 put options.
As per options data, the broad range for Nifty50 is between 15,900 and 17,800 levels. Its immediate support is at 16,500 and resistance is at 17,200 levels.
Bank Nifty
With fresh buying in PSU and private banks, Bank Nifty had a strong run and closed above 35,000 mark. It closed 421 points higher at 35,029.
Bank Nifty’s monthly options expiring on December 30 have sizable positions at 36,000 and 37,000 call options and 34,000 and 35,000 put options.
Bank Nifty’s weekly options expiring on December 23 have sizable positions at 36,000 and 35,000 call options and 34,500 and 35,000 put options.
As per the options data, the broad range for Bank Nifty, is between 33,400 and 36,600 levels. Its immediate support is at 34,200 and resistance is at 35,700 levels.
Stock Action
Today’s top gainers were GMR Infra, Birlasoft, SRF, Motherson Sumi and India Cements.
Today's top losers were Dixon Technologies, ICICI Lombard, Apollo Hospitals, Whirlpool and SBI Life.
Sector Update
Among Nifty sectoral indices, Realty, Pharma and Metal were the leading sectors. Stocks like Oberoi Realty, Godrej Properties, Granules, Alembic Pharma and NALCO closed in the green.
No major sectoral indices closed in the red today.
Major News
SEBI Chairman Ajay Tyagi said that new-age technology companies should further clarify the basis of their issue price in their initial public offering (IPO) documents to help maintain investors' trust.