NSE Share Bazaar

15 January 2024: NSE Share Bazar Witnesses Bullish Momentum with NIFTY New Highs

Explore the bullish momentum in NSE Share Bazaar on 15 January 2024. Discover the latest trends in NIFTY, BANKNIFTY, and option chains, shaping investment opportunities.

Today’s NSE Share Bazaar

In the dynamic world of share markets, the NSE Share Bazar had an eventful trading day on 15 January 2024, marked by a bullish trend and notable performances across various indices. The Nifty index opened with a significant gap at 22,053.15, a notable uptick from the previous day’s close at 20,894.55. Despite the Dow Jones experiencing a 118-point downturn, the Nifty managed to surge to new life highs, closing the day at 22,097.45.

NIFTY Index Performance On 15 January 2024

The NIFTY index showcased a robust performance throughout the trading day, with an opening price of 22,053.15. The day’s highest and lowest prices stood at 22,115.55 and 21,963.55, respectively. The closing price was recorded at 22,097.45, reflecting a significant positive change from the previous close at 21,894.55.

Also Read: NSE Share Bazaar Analysis: 16 January 2024

Among the top gainers in the NSE NIFTY Index were Wipro, ONGC, and HCLTECH, while HDFCLIFE, BAJFINANCE, and BAJAJFINSV found themselves among the top losers.

15 January 2024: NSE Share Bazaar

BANKNIFTY Index Highlights

Simultaneously, On 15 January 2024, BANKNIFTY displayed a similar bullish sentiment, opening at 47,891.05 and closing at 48,158.30, marking a gain of 0.94%. The index experienced a day’s high at 48,248.05 and a low at 47,825.40, surpassing the previous close of 47,709.80.

Also Read: NSE Share Bazaar Report – 11 January 2024

Noteworthy gainers in the BANKNIFTY Index included HDFCBANK, FEDERALBNK, and SBIN, while AUBANK and IDFCFIRSTB faced losses.

Other Indices Overview

Also Read: Share Market Update on 12 January 2024

NIFTY NEXT 50:

Opened at 55,013.20, the index reached a high of 55,025.60 and a low of 54,530.60. The closing figure stood at 54,936.65, reflecting a positive momentum from the previous close at 54,742.90.

NIFTY AUTO:

The index started at 18,796.65, reaching a high of 18,799.40 and a low of 18,623.60. The closing figure was 18,765.25, an improvement from the previous close of 18,715.20.

NIFTY MIDCAP 50:

With an opening at 13,447.80, the index touched a high of 13,494.90 and a low of 13,356.75. The closing price settled at 13,477.55, indicating a positive shift from the previous close at 13,353.80.

NIFTY FMCG:

Opened at 56,795.40, the index experienced a high of 56,818.60 and a low of 56,317.45. The closing figure was 56,657.30, compared to the previous close of 56,485.75.

NIFTY IT:

Starting at 37,538.45, the index reached a high of 37,929.30 and a low of 37,109.35. The closing price was 37,201.95, showcasing an upward movement from the previous close at 36,521.70.

NIFTY METAL:

Opening at 7,941.40, the index hit a high of 7,945.10 and a low of 7,827.60. The closing figure stood at 7,898.35, displaying an increase from the previous close at 7,864.10.

NIFTY PHARMA:

Commencing at 17,423.25, the index reached a high of 17,603.85 and a low of 17,334.15. The closing price settled at 17,347.45, indicating a decline from the previous close at 17,520.45.

NIFTY PSU BANK:

Opened at 5,904.50, the index touched a high of 5,969.35 and a low of 5,881.35. The closing figure was 5,860.80, portraying a drop from the previous close at 5,918.20.

Option Chain Analysis On 15 January 2024

NIFTY Options

Examining the option chain data for NIFTY, notable changes in Open Interest Calls included a decrease in 21900CE by 32,244 contracts, an increase in 22100CE by 26,751 contracts, and a rise in 22000CE by 20,935 contracts. On the Put side, 22000PE saw a substantial increase with 1,32,000 contracts, followed by 22100PE with 59,953 contracts, and 22050PE with 51,535 contracts.

Bank Nifty Options

On 15 January 2024, for BANKNIFTY, the option chain data revealed a decrease in Open Interest Calls for 47800CE by 40,944 contracts, a significant increase in 48200CE by 86,673 contracts, and a rise in 48300CE by 41,239 contracts. On the Put side, 48000PE recorded the highest increase with 1,30,137 contracts, followed by 48100PE with 1,04,672 contracts, and 47800PE with 86,507 contracts.

In conclusion, the NSE Share Bazar exhibited a bullish trend on 15 January 2024, with NIFTY and BANKNIFTY reaching new highs. The individual index performances and option chain data suggest a positive market sentiment, hinting at potential opportunities for traders and investors in the coming days.

15 January 2024: NSE Share Bazar Witnesses Bullish Momentum with NIFTY New Highs Read More »

Share Market Update on 12 January 2024: NIFTY Hits New Highs Supported by INFY and TCS Results

Stay updated on the dynamic Share Market movements of 12 January 2024, with a focus on NIFTY and BANKNIFTY. Get insights into market highs and lows.

Today’s NSE Share Bazaar

12 January 2024

The Indian Share Market opened with a significant gap on the current trading day, propelled by the positive quarterly results of tech giants INFY (Infosys) and TCS (Tata Consultancy Services). This positive momentum was reflected in both NSE NIFTY and BANKNIFTY, leading to a successful day for investors.

Also Read: 15 January 2024: NSE Share Bazaar

NSE NIFTY

On 12 January 2024, NIFTY, the benchmark index, showcased impressive performance throughout the day. Opening at 21,773.55, it reached a high of 21,928.25 and experienced a low of 21,715.15. The closing price settled at a remarkable 21,894.55, indicating a robust gain of 1.14 percent from the previous close of 21,618.70 on 11 January 2024. The top gainers in the NIFTY index were INFY, ONGC, and TECHM, while CIPLA, APOLLOHOSP, and BAJAJFINSV faced losses.

Also Read: Retirement Planning for Beginners

12 January 2024: NIFTY Hits New Highs

BANKNIFTY

BANKNIFTY, a key player in the market, also contributed to the positive trend. Opening at 47,572.70, it reached a high of 47,873.70 and a low of 47,408.50. The closing price stood at 47,709.80, displaying a gain of 0.57 percent from the previous close of 47,438.35. Notable gainers in the BANKNIFTY index included PNB, SBIN, and BANKBARODA, while BANDHANBNK, AXISBANK, and HDFCBANK experienced losses.

Also Read: NSE Share Bazaar Report – 11 January 2024

Other Index Performances

NIFTY NEXT 50

The NIFTY NEXT 50 index opened at 54,847.60, reaching a high of 54,852.90 and a low of 54,587.10. Closing at 54,742.90, it showed a positive trend from the previous close of 54,595.60.

NIFTY MIDCAP 50

The NIFTY MIDCAP 50 index displayed stability, opening at 13,345.60 and reaching a high of 13,375.85. The closing price stood at 13,353.80, showing an upward movement from the previous close of 13,271.65.

NIFTY FMCG

The NIFTY FMCG index performed well, opening at 56,279.10 and reaching a high of 56,559.90. The closing price settled at 56,485.75, marking an improvement from the previous close of 56,228.55.

NIFTY IT

On 12 January 2024, The NIFTY IT index experienced substantial growth, opening at 35,673.00 and reaching a high of 36,581.10. The closing price was 36,521.70, showcasing a notable increase from the previous close of 34,735.25.

NIFTY METAL

The NIFTY METAL index opened at 7,912.65, reaching a high of 7,938.80. The closing price settled at 7,898.35, indicating a positive trend from the previous close of 7,876.15.

NIFTY PHARMA

The NIFTY PHARMA index opened at 17,427.00 on 12 January 2024, reaching a high of 17,430.15. The closing price stood at 17,347.45, displaying a slight dip from the previous close of 17,380.55.

NIFTY PSU BANK

The NIFTY PSU BANK index opened at 5,733.15, reaching a high of 5,884.25. The closing price settled at 5,860.80, marking an improvement from the previous close of 5,703.85.

Option Chain Data For 12 January 2024

NIFTY Option Chain

In the option chain data for NIFTY, the top three changes in Open Interest Calls were observed in 21900CE (33,746), 21950CE (23,546), and 21700CE (-19,498). For Open Interest Puts, the top three changes were in 21800PE (1,34,434), 21700PE (1,37,888), and 21750PE (72,579).

NIFTY BANK Option Chain

In the BANKNIFTY option chain, significant changes in Open Interest Calls were seen in 47500CE (-48,049), 47600CE (-48,054), and 47900CE (30,518). For Open Interest Puts, the top three changes were in 47500PE (87,808), 47700PE (53,593), and 47800PE (42,243).

Conclusion

The market on 12 January 2024 reflected positive sentiments, driven by strong performances in key indices, especially NIFTY and BANKNIFTY. The quarterly results of INFY and TCS acted as catalysts, contributing to the overall upbeat atmosphere. A short covering move is visible in the option chain data. Investors are keenly watching the option chain data for potential future market trends.

Share Market Update on 12 January 2024: NIFTY Hits New Highs Supported by INFY and TCS Results Read More »

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.

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

NIFTY and BANKNIFTY Analysis on 10 January 2024

Explore the dynamic stock market movements on 10 January 2024, focusing on NIFTY and BANKNIFTY indices. Stay informed with key insights for strategic investment decisions.

Today’s NSE Share Bazaar

Introduction

The Indian stock market witnessed dynamic movements on 10 January 2024, with a particular focus on the NSE NIFTY and BANKNIFTY indices. This article delves into the share prices, option chain data, and notable highlights of the day, providing a comprehensive overview for investors and enthusiasts alike.

NIFTY Performance on 10 January 2024

On the current trading day, NIFTY opened at 21529, a slight dip from the previous close of 21544. The index experienced fluctuations, reaching a low of 21448 before rebounding to a high of 21641. Eventually, it settled at 21618. The top gainers in the NIFTY index included ADANIENT, CIPLA, and RELIANCE, while DIVISLAB, NTPC, and BPCL were among the top losers.

Also Read: 9 January 2024: A Comprehensive Analysis of the Indian Stock Market

BANKNIFTY Analysis on 10 January 2024

On 10 January 2024, BANKNIFTY commenced its journey on a weaker note at 47073, compared to the previous day’s close of 47242. The index witnessed a low of 47010 and later recovered to reach a high of 47423. The day concluded with a closing price of 47360. Noteworthy gainers in the BANKNIFTY index were ICICIBANK, INDUSINDBK, and BANKBARODA, whereas BANDHANBNK, AXISBANK, and AUBANK were among the top losers. It’s important to note that this day marked the weekly option expiry for Bank Nifty.

10 January 2024: NIFTY, BANKNIFTY

NIFTY NEXT 50

Opened at 53997, reached a high of 54131, a low of 53490, and closed at 54077, surpassing the previous close of 53728.

Also Read: Unraveling the Dynamics of the Indian Stock Market on 8 January 2024

NIFTY AUTO

Opened at 18565, hit a high of 18575, a low of 18384, and closed at 18559, up from the previous close of 18519.

Also Read: NSE Share Bazaar Report – 11 January 2024

NIFTY MIDCAP 50

Opened at 13270, peaked at 13275, touched a low of 13105, and closed at 13235, slightly lower than the previous close of 13253.

NIFTY FMCG

Commenced trading at 56575, reached a high of 56794, a low of 56134, and closed at 56348, maintaining the previous close.

NIFTY IT

Opened at 34693, reached a high of 34941, a low of 34546, and closed at 34834, an increase from the previous close of 34662.

NIFTY METAL

Began at 7811, peaked at 7893, experienced a low of 7729, and closed at 7882, up from the previous close of 7808.

NIFTY PHARMA

Opened at 17401, touched a high of 17476, a low of 17271, and closed at 17271, slightly lower than the previous close of 17346.

NIFTY PSU BANK

Opened at 5681, reached a high of 5691, a low of 5616, and closed at 5667, marginally down from the previous close of 5682.

Option Chain Data

Nifty

Analyzing the option chain data for NIFTY, notable changes in Open Interest Calls included 21600CE (-25416), 21800CE (99601), and 21750CE (35196). In the case of Open Interest Puts, significant changes were observed in 21500PE (155765), 21600PE (97710), and 21650PE (45944).

Bank Nifty

10 January 2024 was the weekly expiry of Bank Nifty, so for BANKNIFTY’s next weekly expiry, the top three changes in Open Interest Calls were 47500CE (47035), 47400CE (18555), and 47300CE (15795). In Open Interest Puts, the prominent changes were recorded in 47500PE (30666), 47400PE (16450), and 47300PE (24525).

Conclusion

In conclusion, the Indian stock market showcased a mix of ups and downs on 10 January 2024, with specific attention to NIFTY and BANKNIFTY indices. Investors are advised to stay informed and make data-driven decisions based on the intricate details of each index’s performance and the option chain data.

What were the top gainers in the NIFTY and BANKNIFTY indices?

NIFTY’s top gainers included ADANIENT, CIPLA, and RELIANCE, while BANKNIFTY saw gains in ICICIBANK, INDUSINDBK, and BANKBARODA.

How did NIFTY AUTO perform on the mentioned date?

NIFTY AUTO opened at 18565, reached a high of 18575, a low of 18384, and closed at 18559, reflecting positive momentum in the sector.

NIFTY and BANKNIFTY Analysis on 10 January 2024 Read More »

9 January 2024: A Comprehensive Analysis of the Indian Stock Market – NIFTY, BANKNIFTY, and Beyond

Explore the market dynamics of NIFTY and BANKNIFTY on 9 January 2024. Gain insights into stock performances, option chain data, and trends shaping investment decisions.

Today’s NSE Share Bazaar

Introduction

The Indian Stock Market witnessed a dynamic start on 9 January 2024, with NIFTY opening in the green, rebounding from the previous day’s fall to reach 21724, only to retract and settle near the previous day’s closing levels. BANKNIFTY, on the other hand, displayed weakness, slipping below the levels of the preceding day. Let’s delve into the intricacies of the market, exploring key indices and their top gainers and losers.

NIFTY Index on 9 January 2024

The NSE NIFTY opened at 21653 on 9 January 2024. It reached a high of 21724, with a low of 21517, closing at 21544. Compared to the previous close of 21513, the index experienced a marginal gain. Top gainers in NIFTY included HEROMOTOCO, ADANIPORTS, and SBILIFE, while BRITANNIA, BAJAJFINSV, and NESTLEIND were among the top losers.

Also Read: 8 January 2024: Nifty, BankNifty

BANKNIFTY Index on 9 January 2024

BANKNIFTY opened at 47705, reached a high of 47939, and declined to a low of 47156 before closing at 47242. It recorded a decrease from the previous day’s closing of 47450. FEDERALBNK and BANDHANBNK emerged as top gainers, while AUBANK, IDFCFIRSTB, and HDFCBANK experienced losses.

9 January 2024: NIFTY, BANKNIFTY

NIFTY NEXT 50 Index on 9 January 2024

Opening at 54115, NIFTY NEXT 50 reached a high of 54297 and a low of 53960, closing at 53960, with some gains as compared to the previous day. SIEMENS, DLF, and ABB were the top gainers, while SRF, COLPAL, and GODREJCP were the leading losers.

Also Read: NSE:ESSENTIA – Decoding Integra Essentia Ltd

NIFTY AUTO Index on 9 January 2024

NIFTY AUTO opened at 18542, hitting a high of 18606 and a low of 18402, closing at 18519, a gain from the previous close of 18350. HEROMOTOCO, BALKRISIND, and BAJAJ-AUTO were the top gainers, while TVSMOTOR, ASHOKLEY, and EICHERMOT faced losses.

Also Read: NIFTY and BANKNIFTY Analysis on 10 January 2024

NIFTY MIDCAP 50 Index on 9 January 2024

Opening at 13391, NIFTY MIDCAP 50 reached a high of 13436 and a low of 13231, closing at 13253. The index experienced a slight decline from the previous close of 13291. MFSL, GODREJPROP, and OBEROIRLTY were the top gainers, whereas POLYCAB, ZEEL, and IDEA faced losses.

NIFTY FMCG Index on 9 January 2024

NIFTY FMCG started at 56868, touching a high of 56996 and a low of 56487, closing at 56573. The index exhibited a minor decline from the previous close of 56672. VBL, MARICO, and RADICO were the top gainers, while UBL, GCOLPAL, and GODREJCP registered losses.

NIFTY IT Index on 9 January 2024

Commencing at 34926, NIFTY IT reached a high of 35139 and a low of 34608, closing at 34662, up from the previous close of 34514. LTTS, HCLTECH, and LTIM were the top gainers, while MPHASIS faced losses.

NIFTY METAL Index on 9 January 2024

NIFTY METAL, opening at 7819, reached a high of 7863 and a low of 7775, closing at 7808. The index exhibited a gain from the previous close of 7747. NATIONALUM, ADANIENT, and JSL were the top gainers, while WELCORP, HINDZINC, and HINDALCO faced losses.

NIFTY PHARMA Index on 9 January 2024

Starting at 17319, NIFTY PHARMA reached a high of 17414 and a low of 17240, closing at 17346. The index displayed a gain from the previous close of 17195. ABBOTINDIA, GRANULES, and CIPLA emerged as the top gainers, whereas GLAXO, SANOFI, and ALKEM faced losses.

NIFTY PSU BANK Index on 9 January 2024

Opening at 5742, NIFTY PSU BANK reached a high of 5765 and a low of 5673, closing at 5682, slightly lower than the previous close of 5691. BANKINDIA, UNIONBANK, and CANBK were the top gainers, while CENTRALBK, INDIANB, and PSB were among the top losers.

Option Chain Data

NIFTY OPTIONS

In the option chain for NIFTY, the top three changes in Open Interest Calls were observed in 21800CE (31818), 21650CE (26401), and 21700CE (19684). In Open Interest Puts, 21700PE (2775), 21600PE (22503), and 21550PE (18353) experienced the most significant changes.

BANKNIFTY OPTIONS

For BANKNIFTY, the top three changes in Open Interest Calls were seen in 47300CE (137805), 47500CE (79908), and 47400CE (73440). The leading changes in Open Interest Puts were witnessed in 47500PE (-56706), 47800PE (-27394), and 47200PE (28428).

Conclusion

As of 9 January 2024, the Indian Stock Market displayed a mix of gains and losses across various indices. Understanding the performance of individual stocks, indices, and option chains is crucial for investors navigating the complexities of the market. Keep a close eye on market trends, as they can significantly impact investment decisions in this dynamic financial landscape.

How can investors use the information provided in the article to make informed investment decisions?

Investors can leverage the information on index performances, top gainers and losers, and option chain data to formulate informed investment strategies. Analyzing these data points allows for a comprehensive understanding of market dynamics, aiding in risk management and decision-making.

What role do global factors play in influencing the Indian Stock Market?

Global factors, such as economic conditions, geopolitical events, and trade relations, can significantly impact the Indian Stock Market. Investors should stay informed about global developments to anticipate potential effects on the domestic market.

How does the performance of NIFTY PSU BANK reflect the overall health of the banking sector?

NIFTY PSU BANK tracks the performance of public sector banks. Positive movements suggest strength in the public banking sector, while declines may indicate challenges. Monitoring this index helps investors gauge the health of the banking industry as a whole.

Can individual stock performances impact the overall index movements?

Yes, individual stock performances can influence index movements. Since indices are weighted averages of their constituent stocks, the movement of large-cap stocks has a more significant impact on index performance.

9 January 2024: A Comprehensive Analysis of the Indian Stock Market – NIFTY, BANKNIFTY, and Beyond Read More »

Unraveling the Dynamics of the Indian Stock Market on 8 January 2024: NIFTY, BANKNIFTY, and Option Chain Insights

Explore the Indian Stock Market’s dynamic trends on 8 January 2024. Dive into share prices, NIFTY, BANKNIFTY insights, and option chain data for informed investing decisions.

Today’s NSE Share Bazaar

Introduction

As of the previous trading day on 5 January 2024, the Indian Stock Market was on a roller coaster ride, and investors were eagerly awaiting the opening bell on 8 January 2024. In this article, we delve into the market movements, share prices, and option chain data, focusing on key indices such as NIFTY and BANKNIFTY.

Indian Stock Market Overview on 8 January 2024

NSE NIFTY:

8 January 2024: NIFTY, BANKNIFTY

On 8 January 2024, the National Stock Exchange (NSE) NIFTY, serving as the main index, experienced an open price of 21747. Throughout the trading day, it saw fluctuations with a high of 21764, a low of 21492, and ultimately closed at 21513, reflecting a shift from the previous close of 21710. Notable gainers included ADANIPORTS, ONGC, and NTPC, while UPL, SBILIFE, and SBIN stood as the top losers.

Also Read: NSE:ESSENTIA – Decoding Integra Essentia Ltd

BANKNIFTY:

Simultaneously, BANKNIFTY exhibited its own set of dynamics. Opening at 48096, it reached a high of 48154, a low of 47387, and closed at 47450, deviating from the prior close of 48159. AUBANK emerged as a top gainer, while BANDHANBNK, BANKBARODA, and FEDERALBNK faced losses.

Also Read: Navigating the Dynamics of Nestle India Share Price

Sectoral Indices and Top Performers/Losers

Other prominent indices like NIFTY NEXT 50, NIFTY AUTO, NIFTY MIDCAP 50, NIFTY FMCG, NIFTY IT, NIFTY METAL, NIFTY PHARMA, and NIFTY PSU BANK showcased their own set of winners and losers.

NIFTY Option Chain Data For 8 January 2024

The Option Chain data for NIFTY on 8 January 2024 provides valuable insights into trading sentiment. The top three open interest gainers for calls were 21600CE (63,45,450), 21700CE (43,05,200), and 21550CE (26,91,900). On the put side, 21700PE (-17,36,600), 21600PE (-11,84,450), and 21650PE (-8,99,700) led the way.

Also Read: 9 January 2024: A Comprehensive Analysis of the Indian Stock Market

BANKNIFTY Option Chain Data For 8 January 2024

Similarly, the BANKNIFTY Option Chain data revealed significant numbers. The top three open interest gainers for calls were 47800CE (23,82,450), 47500CE (22,35,795), and 47700CE (16,18,230). On the put side, 48000PE (-11,46,900), 48100PE (-6,26,025), and 48200PE (-5,11,650) held sway.

What is the significance of the open price in stock trading?

The open price is the starting point for a stock on a particular trading day. It sets the initial value, influencing investor sentiment and early trading decisions.

How are gainers and losers determined in the stock market?

Gainers and losers are determined based on the percentage change in the closing prices from the previous trading day. Positive changes indicate gainers, while negative changes signify losers.

What is the Option Chain, and how does it impact trading strategies?

The Option Chain is a list of all available option contracts for a particular security. Traders use it to assess market sentiment and make informed decisions on buying or selling options.

Why do stock prices fluctuate during a trading day?

Stock prices fluctuate due to various factors, including market demand, economic indicators, geopolitical events, and company-specific news. These fluctuations present both risks and opportunities for investors.

Unraveling the Dynamics of the Indian Stock Market on 8 January 2024: NIFTY, BANKNIFTY, and Option Chain Insights Read More »

Scroll to Top