Nifty futures had a volatile session as of INFY & HDFC Q3 earnings and IIP data. Nifty futures made a high of 4888, low of 4818 and it closed at 4852.

Nifty spot closed at 4831.25 down by 29.70 points.

Bank Nifty closed at 8930.25 up by 90.55 points.

CNX IT closed at 5872.75 down by 376.55 points.

Nifty Jan futures closed at 20.95 points premium.     

Nifty heavyweight stocks such as SBIN, HDFCBANK and AXISBANK witnessed long build-up. Nifty heavyweight stocks such as INFY and TCS witnessed short build-up.

Volatility India index VIX closed at 24.03 down by 2.07%.

PCR (Volume) is at 0.92.

Nifty Jan 4800 – 4900 Call strikes witnessed short build-up.

Nifty Jan 5000 Call strike witnessed writing.

Nifty Jan 4700 Put strike witnessed long build-up.

Nifty Jan 4400 Put strike witnessed short covering.

Banking sector witnessed long build-up as stocks AXISBANK, HDFCBANK, ICICIBANK, KOTAKBANK, KTKBANK, PNB and SBIN were up by 1.4%, 1.6%, 0.8%, 1.6%, 2.9%, 2.8% and 2.3% respectively.

Technology sector was down by 1.7% as stocks 3IINFOTECH, HCLTECH, INFY, POLARIS, TCS, TECHM and WIPRO were down in the range of 2% to 8%.

Infrastructure sector led by GMRINFRA, NCC, GVKPIL, IVRCLINFRA and LITL was down up by 2.5%. Automobile, Banking, Capital Goods, Oil & Gas and Technology witnessed maximum OI activity.