Indian benchmark indices gained for second consecutive day with Nifty closed above 9050 level. At close, the Sensex was up 622.44 points or 2.06% at 30,818.61, and the Nifty was up 187.45 points or 2.11% at 9,066.55. Overall market breadth turned positive as 1074 shares are advanced only and 655 shares are declines and 388 shares remained unchanged. Among sectoral indices, all ended higher. India VIX, which measures the implied volatility of Nifty 50 options, was down by 9.79% at 35.59.
According to weekly option derivative diaries, maximum Call writing open interest of 16.25 lakh contracts was seen at the 9,100 strike price, which will act as a crucial resistance level for next trading session. However, Put Writing open interest seen at 8,800 strike price with 18.34 lakh contracts, which will act as a strong support.