MARKET ROUNDUP
Indian equity market ended with smart gains on Wednesday amid gains in the IT, Power and the telecom stocks. However, Auto, Capital Goods and metals stocks were under selling pressure. The BSE Sensex rallied almost 200 points, while the Nifty surged 58 points.
Thereafter, the market exhibited steady movement for most part of the trading day today. The Sensex finally ended with a gain of 192 points at 27,837. The NSE Nifty surged to a high at 8,440 before settling with a gain of 58 points at 8,423.

F&O HIGHLIGHTS
Post a gap-up opening, the Nifty stayed in a tight band amid high volatility with stock specific activity. Towards the end, it finally ended adding 58 points. Nifty future turned into a premium of 1 point. India VIX fell 3.05% to end at 17.71
FIIs bought 123 crore while DIIs bought 104 crore in the cash segment. FIIs bought 853 crore in index futures and 644 crore in index options. In stock futures, they sold 11 crore
The highest Put base stands at the 8100 strike with 56 lakh shares while the highest Call base is at the 8500 strike with 49 lakh shares. The 8300 and 8400 Calls saw reductions of 5.0 and 4.1 lakh shares, respectively. The 8300 and 8400 Put strikes saw additions of 6.9 and 11.5 lakh shares, respectively

INDEX OUTLOOK
Nifty Future: Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8385-8460. Buy Nifty in the range of 8400-8410 for targets of 8440-8460, stop loss: 8385
Bank Nifty Future: As the index has managed to close marginally above 18500 with addition coming on the long side, we feel the overall momentum will continue up to 18800 with supports now pegged at 18200.

OI addition : We saw long built up in Apollohosp, Ultracemo, Powergrid, Siemens, tatapower, while short built up was seen in Divislab, Bharatforg, Arvind, Bajajauto, Bankbaroda.
OI Shedding : We saw short covering in Centurytex, Hexaware, unwinding was seen in none.

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