Indian benchmark indices managed to close in positive territory with supportive global cues. At close,the Sensex was up 114.29 points or 0.37% at 30,932.90, and the Nifty was up 39.70 points or 0.44% at 9,106.25. Overall market breadth positive as 1066 shares are advanced only and 666 shares are declines and 383 shares remained unchanged. Among sectoral indices, except Nifty Bank and Financial services and other indices ended in the green. India VIX, which measures the implied volatility of Nifty 50 options, was down by 7.78% at 33.02.
According to weekly option derivative diaries, maximum Call writing open interest of 23.08 lakh contracts was seen at the 9,500 strike price, which will act as a crucial resistance level for next trading session. However, Put Writing open interest seen at 9,000 strike price with 33.12 lakh contracts, which will act as a strong support.