Five stocks witnessing short covering
Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.
On Wednesday, the equity markets opened on a dismal note. At 11.09 am, both Sensex, as well as Nifty, slumped 0.38 per cent & 0.42 per cent at 56,887.94 and 16,936.35 levels, respectively.
Sun Pharma, Dr Reddy's Laboratories, and Mahindra & Mahindra emerged as the top gainers of today's session, which surged 2.02 per cent, 1.59 per cent & 1.14 per cent, respectively. On the other hand, ITC, IndusInd Bank, and HDFC turned out to be the top losers, which tanked 1.93 per cent, 1.64 per cent & 1.58 per cent, respectively.
List of the stocks where sell positions are being covered in the F&O segment:
|
Symbol
|
Expiry date
|
LTP
|
% Change
|
OI Change %
|
| SUNPHARMA |
Sept 29
|
913.35
|
1.61 |
-54.23
|
| IGL |
Sept 29 |
425.45 |
0.56 |
-50.38
|
| GUJGASLTD |
Sept 29 |
519.15 |
0.69 |
-38.40
|
| ABB |
Sept 29 |
3,049.00 |
0.33 |
38.15 |
| TATACOMM |
Sept 29 |
1,125.80 |
0.86 |
-36.16 |