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More than Rs 190 crore notionally wagered on TCS February 1,700 put option contract at an average premium of Rs 22.90.
The strike level is more than 10 percent below the last traded price of Rs 1,905.
Over 10 lakh shares were added to the open interest which stood at 10.02 lakh shares on the National Stock Exchange, according to exchange data.
Buyers and sellers were not immediately known
Source: Bloomberg
Indian equity benchmarks extended losses led by declines in HDFC twins, ONGC, Larsen & Toubro and Reliance Industries.
The S&P BSE Sensex fell 0.4 percent or 145 points to 35,747 and the NSE Nifty 50 Index dropped 0.53 percent or 57 points to 10,736.
Fifteen of 19 sector gauges compiled by BSE were trading lower led by losses in S&P BSE Oil & Gas Index's 1.4 percent decline. On the flipside, S&P BSE Fast Moving Consumer Goods Index was top gainer, up 0.5 percent.
Overall market breadth was negative as 1,169 stocks were declining while 928 were advancing on the BSE.
Nifty's 10,500 put option contract was among the most active put option contracts on the National Stock Exchange.
Over 2.32 lakh shares were reduced from the open interest which stood at over 38.40 lakh shares.
Shares of the Vadodara-based drugmaker rose as much as 2.2 percent to Rs 593.15 after it received U.S. drug regulator's nod for Pramipexole Dihydrochloride extended-release tablets in several strengths.
Alembic Pharma in an exchange filing said:
Shares of the country's largest wireless telecom services provider fell as much as 5.2 percent, the most since Nov. 30, to Rs 34.85 after Telecom Regulatory Authority of India’s (TRAI) subscriber data showed loss of 73.6 lakh users in October.
FY19 can see significant improvement in profitability for Corporate banks can see significant improvement in profitability in FY19, Mahesh Patil, co-chief investment officer at Aditya Birla Sun Life AMC told BloombergQuint in an interview.
Key highlights of the conversation:
Shares of oil retailers fell after Brent crude surged as much as 5.13 percent to $56.56 per barrel in yesterday's session.
The Indian rupee is likely to extend Wednesday's fall on concerns that global growth is slowing down after Apple Inc cut its revenue forecast for the first time in two decades.
Implied opening from forwards suggest the spot may start trading at 70.25 a dollar. Dealers expect the pair to be in a range of 70.15-70.65 a dollar.
In the sovereign bond market, the up to Rs 10,000 crore debt purchase via open market operation will be in close focus.
The assurance of liquidity is helping keep the sentiment calm. Yield on the 10-year note fell six basis points in the last session. For today, dealers see the benchmark note yield in the range of 7.30-7.40 percent.
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