MARKET ROUNDUP
After coming back from a mid-week holiday, the Indian equity market extended losing streak to second consecutive trading session on Thursday. The Sensex shed 133 points while the Nifty closed lower by 43 points. Traders and Investors became wary ahead of key results.
The NSE Nifty from an opening high of 8,760, plunged into red to a low of 8,645 - down 115 points from the high. The Nifty finally ended with a loss of 44 points at 8,707.
Post a flat start, the Nifty extended losses for a second day in a row. Banking remained firm above 18500 throughout the day, helping the index to recover some of its losses and ended only 43 points lower. Nifty future premium declined and settled at 19 point. India VIX increased 2.2% to settle at 14.95

F&O HIGHLIGHTS
FIIs sold 214 crore while DIIs bought 432 crore in the cash segment. FIIs sold 1071 crore in index futures and bought 2595 crore in index options. In stock futures, they sold 376 crore
The highest Put base stands at the 8600 strike with 47 lakh shares while the highest Call base is at the 9000 strike with 56 lakh shares. The 8700 and 8800 Calls saw additions of 12.0 and 5.2 lakh shares, respectively. The 8800 and 8700 Put strikes saw reductions of 10.6 and 2.9 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: Nifty is likely to open flat on the back of mixed global cues. It is likely to trade in the range of 8700-8790.
Bank Nifty Future: The index is been holding firmly above 18500. Some private sector banks have been going well whereas in the current leg support was also seen from SBI. The current consolidation is likely to continue unless the index closes below 18500.

STOCK ANALYSIS
OI addition : We saw long built up in Tatamtrdvr, Idea, Tatachem, Autopharma, Sail, while short built up was seen in Srtransfin, Ambujacem, Jppower, Suntv, Heromotoco.
OI Shedding : We saw short covering in Cairn, Ongc, Wockpharma, Sbin, Centurytex and long unwinding was seen in Hdil, Ioc, Drreddy, Mrf, Hindunilvr.

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