For Traders - Derivatives summary : HUL, Nestle India, Britannia were the top gainers while Tata Motors, UPL, Mahindra top losers

Nifty December futures closed at a premium of 46 points versus premium of 39 points. The market added Rs 34959 cr in open interest, taking the total open interest in the F&O segment to Rs. 562132 cr. The Nifty call option added 8.82 lakh shares in open interest and the put option added 10.26 lakh shares in open interest. CANARA BANK (85%) CUMMINS INDIA (38%), UPL (30%), MFSL (22%) GODREJCP (12%) and RAMCOCEM (9%) were the top gainers in terms of open interest. ICICI PRU LIFE (-10), BOSCHLTD (-9%), BHEL (-7%) and BANK OF BARODA (-7%) and PNB (-6%) were top losers in terms of open interest. Overall futures & options volumes currently stand at 700.40 lakh contracts, with a turnover of Rs 5852496 cr. Volumes in F&O were higher as compared to the previous trading session.

Market commentary:

In line with negative cues from global indices, the Nifty opened yesterday with a loss of 65 points. The Nifty has witnessed some profit booking after the Bull Run. All sectoral indices closed in the red zone except Nifty FMCG and Metal with a loss of 1-1.5%. In the last hour of trading, the Nifty recovered by around 100 points from the day’s low. Stocks like NESTLE INDIA, ITC, BRITANNIA, HINDUNILVR and ADANI PORTS were top gainers that rose by 2-3%, while stocks like UPL, ULTRACEMCO, SHREECEM, TATAMOTORS and M&M were top losers that fell by 2-3%. The Nifty closed around 13521 levels, clocking a loss of 0.34%.

Daily view:

See Zee Business Live TV Streaming Below:

About 7.65 lakh shares were shed in open interest with a decrease in prices this indicates that long unwinding was observed by market participants. On the options front, the volatility index decreased by 1.50%.