Graphs are displayed on a computer screen at a securities brokerage. (Photographer: Justin Chin/Bloomberg)
Live: Sensex, Nifty Remain Lower; Auto, Media Stocks Outperform
Current Market Update
Buzzing Stock: Astrazeneca Pharma India
- Trades at an all-time high
- Gains as much as 5.2% to Rs 3,902
- Biggest single-day gain in two months
- Up for the fourth straight day
- Has gained in nine out of the last 10 trading sessions
- Up 16% in the last 10 trading sessions
- Today's volumes are quadruple its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 79
- Has more than doubled from its 52-week low of Rs 1,812 on September 4, 2019
F&O Snapshot: Active Options Contracts
- Nifty September futures add 13,607 shares and 9.5% in Open Interest.
- Nifty Bank September futures add 9,050 shares and 15.3% in Open Interest.
Nifty: September 10 Expiry
- 11,500 Call: Premium down 51.2% to Rs 63.1. The contract has added 25,960 shares in Open Interest.
- 11,400 Call: Premium down 44% to Rs 110. The contract has added 22,013 shares in Open Interest.
- 11,300 Put: Premium up 92.3% to Rs 74.8. The contract has added 15,715 shares in Open Interest.
Nifty Bank: September 10 Expiry
- 22,500 Put: Premium up 51.6% to Rs 198.6. The contract has added 17,996 shares in Open Interest.
- 23,500 Call: Premium down 47.7% to Rs 251.4. The contract has added 16,032 shares in Open Interest.
- 23,000 Put: Premium up 45% to Rs 364.7. The contract has added 12,108 shares in Open Interest.
Auto Index Recovers From The Day's Low
Markets At Noon
- Benchmark indices remain lower and are likely to post losses for the week
- Nifty down 1.1% at 11,397
- Sensex down 1.2% at 38,520
- Nifty Bank down 1.9% at 23,081
- Nifty Midcap index down 0.7%
- Nifty Smallcap index down 0.5%
- India Volatility Index up 5.4% to 21.6
- Nifty Media and Nifty Auto are the only sectoral gainers; up 1.2% and 0.7% respectively
- PSU Bank index remains the top sectoral laggard; down 2%
- Nifty Metal, Nifty FMCG and Nifty I.T. down 1% each
- Bharti Infratel remains the top Nifty gainer; up 3%
- Wipro is the top Nifty laggard; down 2.2%
- 1,149 stocks on the NSE trade with losses while 582 decline
Route Mobile IPO
Route Mobile - a cloud-communication platform provider plans to sell as much as Rs 240 crore worth of new shares in its IPO, Bloomberg News reports citing an advertisement in a business newspaper.
The company intends to raise Rs 600 crore at the upper end of the price band in the IPO that opens on September 9 and will close on September 11.
The price band for the same has been set at Rs 345-350 per share.
ICICI Securities, Axis Captial, Edelweiss Financial and IDBI Capital are managers to the issue.