Nifty: March 19 Expiry

• 10,000 Call: Premium falls 72 percent to Rs 79.25. The contract has added 10 lakh shares in open interest.
• 9,000 Put: Premium rises 131.8 percent to Rs 321.10. The contract has shed 1.58 lakh shares in open interest.
• 8,100 Put: Premium rises 116.2 percent to Rs 112.55. The contract has added 2.52 lakh shares in open interest.

Nifty Bank: March 19 Expiry

• 21,000 Put: Premium rises 151.2 percent to Rs 472. The contract has added 2,180 shares in open interest.
• 25,000 Call: Premium falls 67.4 percent to Rs 299. The contract has added 1.7 lakh shares in open interest.
• 22,000 Put: Premium rises 194 percent to Rs 735.1. The contract has added 58,400 shares in open interest.

• Nifty down 6.34 percent to 9,323
• Nifty futures add 20 percent in open interest and are trading at a 112 point discount
• Nifty Bank down 7.43 percent to 23,297
• Nifty Bank futures add 18.38 percent in open interest and are trading at a 150 point discount
• Nifty Midcap and Smallcap index fall 6 percent each
• Nifty Realty and Nifty Metal index fall 7 percent each
• India Volatility index up 12 percent to 57.65
• 216 stocks in the broader market universe trade with gains while 1,367 stocks trade with losses

As Indian equity market continue to trade near the lowest point of the day, Amit Khurana of Dolat Capital is advising investors to adopt a wait and watch approach.

In an interaction with BloombergQuint, Khurana said that he would wait for the markets to stabilise before making fresh investment calls.

Here are some of the key takeaways from the interaction he had with this platform:

• Do not see systemic risk at this stage in India
• Markets are concerned about the earnings of corporates for the next 12 to 18 months
• There are concerns on the quality of few banks
• Expecting a rate cut and liquidity support from RBI in today's announcement
• Regulator will take appropriate steps when required