Five stocks witnessing long unwinding
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
The domestic benchmark indices opened Wednesday's session on a lower note. At 10.49 am, both Sensex, as well as Nifty, were spotted in the red zone at 56,780.85 and 16,908.00 levels, plummeting 0.57 per cent & 0.58 per cent, respectively.
Sun Pharma, Dr Reddy's Laboratories, and Mahindra & Mahindra emerged as the top gainers of the day, which climbed 2.06 per cent, 1.21 per cent & 1.06 per cent, respectively.
Following are the stocks where profit booking is seen taking place in the F&O segment:
|
Symbol
|
Expiry date
|
LTP
|
% change
|
OI change (%)
|
| SBILIFE |
Sept 29 |
1,234.80 |
-0.82 |
-42.88 |
| HINDPETRO |
Sept 29 |
219.15 |
-1.44 |
-41.65 |
| AMBUJACEM |
Sept 29 |
503.35 |
-0.35 |
-39.20 |
| ADANIPORTS |
Sept 29 |
837.20 |
-0.88 |
-38.15 |
| MARUTI |
Sept 29 |
8,760.10 |
-0.12 |
-38.03 |