Finally, FM Sitharaman comes out with Coronavirus relief package, which improved market sentiments as a result Indian benchmark indices closed in green for the third consecutive day followed by supportive global cues. At close, the Sensex was up 1,410.99 points or 4.94% at 29,946.77, and the Nifty was up 323.60 points or 3.89% at 8,641.45. Overall market breadth remained in favour of buyers as 1275 shares are advanced only and 503 shares are declines and 342 shares remained unchanged. All the sectoral indices ended in the green. India VIX, which measures the implied volatility of Nifty 50 options, was down by 8.40% at 71.10.
According to weekly option derivative diaries, maximum Call writing open interest of 6.93 lakh contracts was seen at the 9,000 strike price, which will act as a crucial resistance level for next trading session. However, Put Writing open interest seen at 8,500 strike price with 6.72 lakh contracts, which will act as a strong support.