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Below the Quote on Post market comment by Mandar Bhojane, Research Analyst, Choice Broking

On June 6, Indian benchmark indices ended higher for the second consecutive session amid volatility. The Sensex surged by 693 points, and the Nifty closed strong above the 22,800 level. 

The Nifty opened with a gap up and, despite a volatile session, formed a doji candlestick pattern, indicating price stability. If the Nifty sustains above the 22,800 level, it is likely to move towards the 23,000 and 23,200 levels in the coming days, with 22,600 acting as an immediate support level. The Relative Strength Index (RSI) is trending upward at 53.8, suggesting a positive momentum.

Sector-wise, all indices except Pharma and FMCG ended in the green. PSU Banks, IT, and Realty sectors saw gains between 3-5 percent. The BSE midcap index increased by 2 percent, while the smallcap index rose by 3 percent. 

The India VIX, which measures market volatility, decreased by 11.04 percent intraday, settling at 16.800, indicating reduced market fear. 

Regarding the Open Interest (OI) data, on the call side, the highest OI was observed at the 23,000 and 23,300 strike prices. On the put side, the highest OI was at the 22,000 strike price.

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