The simplest explanation to what's been happening at the Markets today

The Central Bank gave markets and corporate India a Diwali gift more than a month in advance after it slashed repo rates by a whopping 50 bps to 6.75 percent in its bi-monthly policy meeting in a bid to kickstart slackening growth. Both the Sensex and the Nifty came back up in the green, after dipping nearly a percent in trade, after the rate cut which took traders by surprise. Most market men were of the view that a 25 bps cut was on the way and the same was adequately priced into stocks. Banks, predictably, lead the rebound.

Here is a snapshot of what is happening in the futures and options market closer to noon on Tuesday.

BENCHMARK FUTURES
Nifty fell 0.4% to 7,796 points
Bank nifty rose 50 points to 17,236 points
CNX IT fell 34 points to 11,828

TOP PRICE GAINERS
Apollo Hospitals
IDBI
Mahindra & Mahindra

TOP PRICE LOSERS
Vedanta
Bharti Infratel
Just Dial

TOP OI GAINERS
Bharti Infratel
Marico
NCC

TOP OI LOSERS
Engineers India
JP Associates
Bajaj Finance

MOST ACTIVE FUTURES
Axis Bank
State Bank of India
ICICI Bank

TOP TRADED CALLS
SBI 250 Oct
IDFC 150 Oct
ICICI Bank 280 Oct

TOP TRADED PUTS
Axis Bank 500 Oct
SBI 230 Oct
Reliance Ind 820 Oct


ADVANCE-DECLINE RATIOS
Banking: 15/7
Pharma:0/11
Auto: 3/15
Metals: 0/8
The Central Bank gave markets and corporate India a Diwali gift more than a month in advance after it slashed repo rates by a whopping 50 bps to 6.75 percent in its bi-monthly policy meeting in a bid to kickstart slackening growth. Both the Sensex and the Nifty came back up in the green, after dipping nearly a percent in trade, after the rate cut which took traders by surprise. Most market men were of the view that a 25 bps cut was on the way and the same was adequately priced into stocks. Banks, predictably, lead the rebound.

Here is a snapshot of what is happening in the futures and options market closer to noon on Tuesday.

BENCHMARK FUTURES
Nifty fell 0.4% to 7,796 points
Bank nifty rose 50 points to 17,236 points
CNX IT fell 34 points to 11,828



TOP PRICE GAINERS
Apollo Hospitals
IDBI
Mahindra & Mahindra

TOP PRICE LOSERS
Vedanta
Bharti Infratel
Just Dial

TOP OI GAINERS
Bharti Infratel
Marico
NCC

TOP OI LOSERS
Engineers India
JP Associates
Bajaj Finance

MOST ACTIVE FUTURES
Axis Bank
State Bank of India
ICICI Bank

TOP TRADED CALLS
SBI 250 Oct
IDFC 150 Oct
ICICI Bank 280 Oct


TOP TRADED PUTS
Axis Bank 500 Oct
SBI 230 Oct
Reliance Ind 820 Oct

ADVANCE-DECLINE RATIOS
Banking: 15/7
Pharma:0/11
Auto: 3/15
Metals: 0/8

Image credit: Indiatimes