Nifty ends June expiry 1.28% lower | Ideal Stock
Markets started the session on a flat note before witnessing heavy selling pressure in the second half of the session. Short covering in at the money put option strikes fuelled the correction in the markets. Nifty ended the session 82 points lower at 10,589. Bank Nifty relatively outperformed ending the session 0.37% lower at 26,324. The real carnage was witnessed in Mid-cap stocks with Nifty 50 Midcap Index closing 2.16% lower.
On the option tips front, heavy call writing was witnessed in at the money and out of the money strikes with 10600CE and 10700CE adding ~13.5lakh and ~25.75 lakh shares, respectively, while 10600PE witnessed short covering to the tune of ~16.8 lakh.
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India VIX index ended the session 3.26% higher at 13.94.
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