Key equity benchmarks were trading near the day's high in early afternoon trade. The Nifty has risen above 11,100 but faces continuous resistance at the 11,140 level. At 12:24 IST, the barometer index, the S&P BSE Sensex, was up 215.03 points or 0.57% at 37,709.19. The Nifty 50 index was up 74.9 points or 0.68% at 11,132.75.
The S&P BSE Small-Cap index was up 1.4%. The S&P BSE Mid-Cap index was up 0.71%. Both these indices outperformed the Sensex.
The market breadth was strong. On the BSE, 1506 shares rose and 728 shares fell. A total of 113 shares were unchanged
Berger Paints was up 0.12% after hitting a 52-week high of Rs 368.95. Glaxosmithkline Consumer Healthcare was up 0.15% after hitting a 52-week high of Rs 8150.05. HDFC AMC was up 5.68% after hitting a 52-week high of Rs 2396 today. MCX gained 2.06% after hitting a 52-week high of Rs 914 in intraday trade today.
The Central Board of the Reserve Bank of India (RBI) announced to transfer a sum of Rs 1,76,051 crore to the Government comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions. The RBI, in consultation with the Government of India, had constituted an Bimal Jalan committee to review the extant economic capital framework of the Reserve Bank of India. The announcement was made yesterday, 26 August 2019.
On the derivatives front, the NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.98% at 16.1575.
The Nifty August 2019 futures were trading at 11,108.25, a discount of 13.5 points compared with the spot at 11,121.75. HDFC, State Bank of India and Axis Bank were the top traded individual stock futures contracts so far in F&O segment of NSE.
On the options front, the Nifty option chain for 29 August 2019 expiry showed maximum call open interest (OI) of 39.85 lakh contracts at the 11,200 strike price. Maximum put OI of 47.01 lakh contracts was seen at 11,000 strike price. The option chain indicated that Nifty will stay between 11,000 and 11,200 till August expiry.
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