Index Action:
Nifty50
Today, Nifty50 opened strong and has built on to the positive opening through the day. At the time of writing this, it was trading up by 230 points at 17,776. This is very close to its all-time high of 17,792.
Today, the weekly Nifty50 and Bank Nifty options will expire.
Weekly options data shows the highest call option base at 17,800 followed by 18,000, whereas 17,700 has the highest base for put options. This data suggests that traders expect today’s expiry to be within or close to these levels.
Monthly call options have the highest base at 18,000 strike followed by 17,800. And put options have the highest base at 17,500 and 17,000.
Bank Nifty
Bank Nifty also is trading strongly in the green today at 37,727 up by 780 points or 2%
Weekly options on Bank Nifty show a big base at 38,000 and 37,700 for call options and for put options the base is at 37,500 and 37,600 strikes.
Monthly call options have the highest base at 38,000 followed by 37,500 strikes, whereas put options have substantial bases at 37,500 and 37,000.
Global Markets Update
Major European markets have again opened the green and are up by about 0.5%. US Futures are trading higher with the Dow Futures trading up by 150 points.
Stock Action: (Top Gainers and Top Losers in Futures segment)
Some of the top gainers today are Godrej Properties, United Spirits, Indian Hotels, Bajaj Finserv and Chola Invest.
Today’s top losers are ICICI Lombard, Strides Pharma, NMDC, Balkrishna Ind. and Max Financial.
Sector Update: (Top gainer sectors and Top Loser sectors)
The realty sector is again the leading sector today followed by Banks and Financial Services. Godrej Properties, DLF, Axis Bank and Bajaj Finserv are the top gainers in these sectors.
Media sector is in the red along with the Pharma sector. Zee TV, PVR, Dr. Reddy’s and Lupin are some of the stocks trading down in these sectors.