In terms of Open Interest (OI) data, the highest OI on the call side was observed at 19,600, followed by the 19,500 strike prices. On the put side, the highest OI was at the 19,000 strike price.
Broader markets also came under pressure as BSE mid-cap and small-cap indices turned into the red. Weakness in global equities markets on fears of higher interest rates and surging crude prices weighed on domestic investor sentiments. India VIX, fear index, spiked 11 per cent to 12.86-level.
Indian shares fell on Thursday due to global market weakness, rising crude oil prices, and persistent selling by Foreign Institutional Investors (FIIs). The BSE Sensex declined 0.92% and the Nifty50 fell below 19,550. The decline was seen across sectors, with IT and FMCG being the top losers. Today s bloodbath resulted in the market capitalisation of all listed companies on BSE declining by Rs 2.55 lakh crore to Rs 317.05 lakh crore.
The Sensex, India s headline equity index, has experienced a sharp decline, losing over 1,600 points in just three days. This has resulted in investors losing approximately Rs 4 lakh crore. The market capitalization of all companies listed on the BSE has also fallen to Rs 319.5 lakh crore. The decline in the market is attributed to factors such as the US Federal Reserve s decision to project an interest rate hike, rising bond yields, a stronger dollar, higher crude oil prices, expensive valuations, foreign institutional investor selloff, and technical factors.