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Friday was the fourth straight day of sharp fall for the domestic stock markets. Investor sentiment was subdued as crude prices broke above $80 a barrel for the first time since November 2014. The BSE Sensex fell 300 points to close at 34,848. The Nifty index was down 86 points to close at 10,596.
A sell-off in the markets was witnessed across banking, auto, pharma and metal stocks. Top losers on the Nifty 50 were Cipla, Wipro, Indiabulls Housing Finance and Sun Pharma. These stocks fell between 3.4 and 4 per cent. For the week, the Sensex has lost 687 points while the Nifty was down 210 points. In the options segment, maximum ‘Put’ open interest was seen in the 10,500 strike price of Nifty index, and maximum ‘Call’ OI was seen at the 11,000 strike price of Nifty. Options data broadly indicates a range where the market could trade.
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