Indian benchmark indices closed the day on a positive note for the second consecutive day followed by supportive global cues. At close, the Sensex was up 349.76 points or 0.85% at 41,565.90, while Nifty was up 93.30 points or 0.77% at 12,201.20. Overall market breadth was in favour of sellers as 726 shares are advanced and only 1069 shares are declines, and 358 shares remained unchanged. Among sectoral indices, except Nifty pharma, media and PSU banks, other indices ended higher. India VIX, which measures the implied volatility of Nifty 50 options, was down by 2.26% at 13.56.
According to weekly option derivative diaries, maximum Call Writing open interest of 25.79 lakh contracts was seen at the 12,300 strike price, which will act as a crucial resistance level for next trading session. However, Put Writing open interest seen at 12,200 strike price with 27.55 lakh contracts, which will act as a strong support.