The
Nifty and the
Sensex managed to hold on to their early morning gains on Tuesday as 3 days of relentless selling saw the market hit a fresh 14-month low. However, the quality of stocks taking the indices higher is nothing to talk about. Hence, the markets could come under selling pressure in the latter half of the day.
Banking stocks are in demand, mainly on account of short covering after sustained selling on these lenders saw many of them trade at 52 week lows.
Investors also took heart from a meeting held by Prime Minister
Narendra Modi in which all top industrialists and the Governor of the Reserve Bank of India were invited to discuss the state of play on the Indian economy against the backdrop of the global economic turmoil and its impact on stocks.
Meanwhile, here is a snapshot of the market with special emphasis on the Futures & Options segment.
MAJOR BENCHMARKS.
Nifty Futures rose 42 points to 7,619
Bank Nifty added 221 points at 16,045
CNX IT Index rose 65 points to 11,420
TOP PRICE GAINERS
JSW Energy
GAIL
Yes Bank
Tata Power
TOP PRICE LOSERS
Reliance Communications
Amtek Auto
Strides Arcolabs
Titan
TOP OI GAINERS
JSW Energy
Ceat
Amara Raja Batteries
India Bulls Housing
TOP OI LOSERS
Apollo Tyres
Amtek Auto
Andhra Bank
UCO Bank
MOST ACTIVE FUTURES
Yes Bank
Axis Bank
State Bank of India
TOP TRADED CALLS
Reliance 860 Sep
Yes Bank 700 Sep
State Bank of India 230 Sep
TOP TRADED PUTS
Axis Bank 460 Sep
Reliance 820 Sep
Larsen 1,500 Sep
(Image credits: Indiatimes)
