Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking
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Indian benchmark indices ended higher for the third straight session on June 13. The Sensex was up 204.33 points or 0.27 percent, closing at 76,810.90, while the Nifty rose by 75.90 points or 0.33 percent, ending at 23,398.90.
The Nifty, after a gap-up opening, reached an all-time high of 23,481.05. However, after a volatile session, it finally settled at 23,399.35. If the price closes above the 23,440 level, it could further rise to the 23,600 and 23,800 levels. Conversely, the 23,300 and 23,200 levels will act as immediate support. The market is expected to remain sideways and volatile within the 23,200 to 23,500 range.
On the sectoral front, Capital Goods and Realty indices were up 2 percent each, while the Information Technology index rose 1 percent. In contrast, the Media index shed 1 percent, and the FMCG index fell 0.6 percent. The BSE Midcap and Smallcap indices were up nearly 1 percent each.
The India VIX, which measures market volatility, decreased by 6.26 percent intraday, settling at 13.4875, indicating reduced market fear. Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 23,500 and 23,700 strike prices. On the put side, the highest OI was at the 22,800 strike price.
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