The Indian benchmark indices ended lower today ahead of weekly expiry and global weak trend. At close, Nifty was down 73 points at 11,840.50 while Sensex was down 229.02 points at 40116.06. Overall market breadth was negative as 1131 stocks were declined and 683 stocks advanced and 335 were unchanged on NSE. Among sectoral indices, all other sectoral indices ended in the red led by the bank, metal, pharma, infra, FMCG and IT. India VIX, which measures the implied volatility of Nifty 50 options, was marginally up by 0.61% at 16.35.
According to weekly option derivatives diaries, maximum Call writing open interest of 14.61 lakh contracts was seen at the 12000 strike price, which will act as a crucial resistance level for tomorrow's trading session. However, Put writing open interest seen at 11800 strike price with 0.90 lakh contracts, which will act as a strong support.