The Indian benchmark indices ended on a negative note and closed above 11,900 levels. At close, Nifty was down 59.40 points at 11,906.20 and Sensex ended down 193.65 points at 39,756.81. Overall market breadth was negative where 1047 stocks were in decline and 695 stocks were in advance and 356 were unchanged on NSE. Among the sectoral indices, except Nifty Metal and FMCG was seen some buying while other indices were under pressure. The dollar edged lower for a second consecutive day, now trading at 69.36 per dollar versus previous close of 69.39.
According to weekly option derivatives diaries, maximum Call writing open interest of 11.29 lakh contracts was seen at the 12,000 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put Unwinding open interest seen at 11,900 strike price with 5.10 lakh contracts, which will act as a strong support.