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The Nifty and the Sensex closed flat after being in the green for most part of the trading session on Thursday.
The Nifty closed at 5415 up three points and the Sensex closed at 17850 up three points.
“Market was volatile due to settlement consideration. Heavy weights RIL, Larsen and ONGC corrected on profit booking. Tomorrow Nifty may correct further till 5380 and 5330 as there was huge call selling of 5400 series and put buying of the same series.
Put OI (Open Interest) rose by around 9 to 10 per cent approximately which suggest traders are taking bearish bets,” said Mr. Kishor Ostwal, CMD CNI Research.
The volatility index India Vix was active throughout the day and finally closed flat at 16.12, up 0.75 per cent.
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