Nifty futures opened positive with gap, traded with bullish momentum throughout the day and it closed up by more than 1.5%. Nifty futures made a high of 4988, low of 4912 and it closed at 4977.

Nifty spot closed at 4967.30 up by 93.40 points.

Bank Nifty closed at 9056.70 up by 116.45 points.

CNX IT closed at 6041 up by 50.70 points.

Nifty Jan futures closed at 9.70 points premium.

Nifty Jan futures Price & OI data indicates long build-up.

Nifty heavyweight stocks such as AXISBANK, TATASTEEL, LT and HINDUNILVR witnessed long build-up.

Volatility India index VIX closed at 22.61 down by 6.06%.

PCR (Volume) is at 1.16.

Nifty Jan 4900 - 5000 Put strikes witnessed short build-up; Nifty Jan 5100 Call strike witnessed long build-up.

Cement sector witnessed long build-up as stocks ACC, AMBUJACEM, CENTURYTEX, GRASIM, INDIACEM, JPASSOCIAT and ULTRACEMCO were up by 2.5%, 3.8%, 1.6%, 1.7%, 3.4%, 4.9% and 2.2% respectively.

Capital Goods sector was up by 2.9% as stocks ABAN, ABB, BEML, CROMPGREAV, LT, PRAJIND, SIEMENS, STRTECH and VOLTAS were up in the range of 2% to 7%.

Realty sector led by DLF, HDIL, IBREALSEST, SOBHA and UNITECH was up by 4%.

Automobile, Cement, Metals, FMCG and Realty witnessed maximum OI activity.