Index Action
Nifty50
Tracking gains from its Asian peers, the Nifty50 opened higher and crossed the 17,200 mark. At 12 pm today, it was trading 94 points higher at 17,186. All the Nifty sectoral indices are trading in green, led by Realty and PSU Bank.
For February 24 options contracts, the Nifty50 has sizable positions at 17,500 and 17,200 call options and 17,000 and 17,200 put options. Further, additions were seen in both 17,200 call options and 16,800 put options.
The Nifty50's immediate support is at 16,800 and resistance is at 17,600 levels.
Bank Nifty
Despite the initial dip, the Bank Nifty opened strong and is trading steadily above the 37,500 mark. With all the 12 stocks trading in green, the overall breadth of the banking index remains positive. At 12 pm today, it was trading 278 points higher at 37,650.
For February 24 options contracts, the Bank Nifty has sizable positions at 38,000 and 38,500 call options and 37,000 and 37,500 put options. Further, additions were seen in 37,500 call options and 37,000 put options.
The Bank Nifty's immediate support is at 36,800 and resistance is at 38,400 levels.
Stock Action
Today’s top gainers are GSPL, Oberoi Realty, DLF, Piramal Enterprises and FSL.
Today’s top losers are ONGC, Shriram Transport Finance, TVS Motor, MCX India and Chola Investments.
Sector Update
All the major sectoral indices are trading in green, with PSU Bank and Realty being the biggest contributors. Stocks like Oberoi Realty, DLF, Bank of Baroda, PNB and SBI are trading in the green.
Global Markets Update
Major European markets are likely to open mixed as their futures are trading in the range of -0.5% to +0.2%. The US futures are trading higher, up by 0.4%.
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