NSE Share Bazaar Report – 11 January 2024: NIFTY and BANKNIFTY Show Mixed Trends

Stay informed on the latest market trends! Explore the NIFTY and BANKNIFTY performance on 11 January 2024 for key insights into the financial landscape.

Today’s NSE Share Bazaar

In the dynamic world of the share bazaar, January 11, 2024, brought forth significant movements, especially in the NIFTY and BANKNIFTY indices. Let’s delve into the key data points for the day and explore the option chain for both indices.

Also Read: Stock Market Secrets 

NIFTY Index Overview: For 11 January 2024

The NIFTY index kicked off the day with a gap of 70 points at 21688 and quickly surged to 21726 within the first five minutes of trading. However, a subsequent slide led to a touchpoint of 21593, and the index managed to recover, closing at 21647. This marked the weekly expiry of NIFTY Index options.

11 January 2024 Nifty and BankNifty

Key Data Points: Nifty

  • Open Price: 21688
  • High Price: 21726
  • Low Price: 21593
  • Closing Price: 21647
  • Previous Close: 21618

Also Read: 12 January 2024: NIFTY Hits New High

Top Gainers: Nifty

  • HEROMOTOCO
  • BAJAJ-AUTO
  • RELIANCE

Top Losers: Nifty

  • HINDUNILVR
  • DRREDDY
  • SBILIFE

Also Read: NIFTY and BANKNIFTY Analysis on 10 January 2024

BANKNIFTY Index Performance: On 11 January 2024

On 11 January 2024, BANKNIFTY opened strong at 47538, up by 178 points, reaching 47662. Despite a dip to 47237 during the day, the index managed to close at 47438.

Key Data Points: Bank Nifty

  • Open Price: 47538
  • High Price: 47662
  • Low Price: 47237
  • Closing Price: 47438
  • Previous Close: 47242

Top Gainers: Bank Nifty

  • IDFCFIRSTB
  • AXISBANK
  • INDUSINDBK

Top Losers: Bank Nifty

  • FEDERALBNK
  • HDFCBANK
  • ICICIBANK

Other Indices Performance: On 11 January 2024

NIFTY NEXT 50:

  • Open: 54355
  • High: 54675
  • Low: 54318
  • Close: 54595

NIFTY AUTO:

  • Open: 18648
  • High: 18826
  • Low: 18631
  • Close: 18755

NIFTY MIDCAP 50:

  • Open: 13271
  • High: 13327
  • Low: 13223
  • Close: 13271

NIFTY FMCG:

  • Open: 56476
  • High: 56688
  • Low: 56123
  • Close: 56228

NIFTY IT:

  • Open: 34978
  • High: 35104
  • Low: 34665
  • Close: 34735

NIFTY METAL:

  • Open: 7926
  • High: 7940
  • Low: 7857
  • Close: 7876

NIFTY PHARMA:

  • Open: 17449
  • High: 17470
  • Low: 17331
  • Close: 17380

NIFTY PSU BANK:

  • Open: 5708
  • High: 5743
  • Low: 5675
  • Close: 5703

Option Chain Data: For 11 January 2024

For NIFTY:

Top 3 Changes in Open Interest Calls:

  • 21700CE: 42907
  • 21800CE: 24964
  • 21900CE: 41352

Top 3 Changes in Open Interest Puts:

  • 21700PE: 14836
  • 21500PE: 20528
  • 21600PE: 18600

For BANKNIFTY:

Top 3 Changes in Open Interest Calls:

  • 47500CE: 84376
  • 47600CE: 81167
  • 47700CE: 59702

Top 3 Changes in Open Interest Puts:

47500PE: 49671
47400PE: 31036
47600PE: 28244

How did BANKNIFTY perform compared to its previous close on January 10, 2024?

BANKNIFTY opened at 47538, up 178 points, reaching 47662. Despite a temporary dip to 47237, it closed higher at 47438 compared to the previous close of 47242.

Which sectors were the top gainers and losers in the NIFTY Index on January 11, 2024?

The top gainers in the NIFTY Index were HEROMOTOCO, BAJAJ-AUTO, and RELIANCE. Conversely, the top losers were HINDUNILVR, DRREDDY, and SBILIFE.

What were the notable changes in the Option Chain data for NIFTY and BANKNIFTY?

For NIFTY, the top three changes in Open Interest Calls were at 21700CE, 21800CE, and 21900CE. In contrast, the notable changes in Open Interest Puts were observed at 21700PE, 21500PE, and 21600PE. For BANKNIFTY, the prominent changes in Open Interest Calls and Puts were at 47500CE, 47600CE, 47700CE, 47500PE, 47400PE, and 47600PE, respectively.

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