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Market Summary:

* Indian markets closed on a positive note where buying was mainly seen in Banking, Automobile, Finance sectors. Nifty Oct Future closed at 17973.00 (up 72.95 points) at a premium of 27.10 pts to spot.

* FIIs were net sellers in Cash to the tune of 1303.22 Cr and were net buyers in index futures to the tune of 1372.76 Cr.

* India VIX increased by 2.76% to close at 16.09 touching an intraday high of 16.41.

Open Interest in Nifty Options:

* The above second chart shows previous trading day’s change in Nifty options where Additions in OI were seen in 17800, 17600 strike Puts and at 17700, 17800, 17900, 18000 strike Calls indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 18000 strike Call and 17500 strike Put, to the tune of 8.69mn and 7.90mn respectively.

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