F&O gainers and losers on July 2: Tata Communications, Mankind Pharma rise over 3.5%; Phoenix Mills, Tube Investments fall

The Indian equity benchmarks extended losses in afternoon trading on Wednesday, July 1, dragged down by losses in index heavyweights like HDFC Bank, Reliance Industries, Larsen & Toubro, Bajaj Finance and ICICI Bank. The SENSEX fell as much as 511 points and NIFTY50 index touched an intraday low of 25,384. As of 1:51 pm, the SENSEX was down 456 points at 83,237 and NIFTY50 index declined 142 points to 25,401.

NIFTY50

On the index options front, NIFTY 25,500 strike price call option contract was among the most active call option contracts with as many as 3.17 lakh contracts in the open interest as of 1:10 pm. Premium on NIFTY 25,500 call option contract touched an intraday low of ₹47.60 and high of ₹148.50.

On the flipside, NIFTY 25,500 strike price put option was among the most active put option contract with open interest of 2.31 lakh contracts. Premium on this contract touched an intraday high of ₹95 and a low of ₹36.75.

F&O gainers

On the flipside, Mankind Pharma's 2,300 strike price put was among the most active put with 1,239 contracts in the open interest. Premium fell as much as 53% to hit an intraday low of ₹34.

On the contrary, 1,800 strike price put was the most active put option contract with 2,077 contracts in the open interest. Premium on this strike dropped as much as 89% to ₹45.

On the flipside, 160 strike put was the most active put option contract with 5,121 contracts in the open interest. Premium on this strike dropped 49% to ₹2.

F&O losers

On the other hand, 1,600 strike call was the most active call option with 639 contracts in the open interest. Premium dropped 46% to ₹23.25.