Markets tumbles with a record high turnover; Nifty sheds 134 points
In today’s trade markets remained under continued selling pressure with an escalation seen towards the end of the session after the fiscal deficit numbers were released.
Fiscal deficit widened to Rs 5.25 lakh crore for April-October, or 96.15 of the budgeted target for the current fiscal year that ends in March 2018.
Nifty and Bank Nifty index closed 1.3% and 1.8% lower respectively. Broad-based selling was witnessed all the sectors.
Tracking the options front put writers had to run for cover in today’s trade, Nifty 10400PE and 10300PE witnessed a reduction in O.I to the tune of 16lack shares and 21 lakh shares respectively while call writing was witnessed in all. At the money and Out the money strikes.
India Vix ended the day at 13.55 up 3.75%.
-134 points @ 10226Bank Nifty:
-463 points @ 25332Top 2 F&O Gainer:
FORTIS, JAIN IRRIGATIONTop 2 F&O Loser:
SREI INFRA, SUZLONMost Active Index Option Contract:Call Option:
10300CE, O.I: ↑ ~30 lakh sharesPut Option:
10300PE, O.I: ↓~ 21 lakh sharesNifty Max O.I Strikes:
10500CE, 10000PEBank Nifty Max O.I Strikes:
26000CE, 25500PE (7th Dec 2017 Expiry)
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Via:: Stock – India Infoline