Sensex Opens Over 400 Points Lower; Nifty Gives Up 11,600

Opening Bell: Sensex, 

Nifty Open Lower 

Indian equity benchmarks opened lower, tracking their Asian peers, after the U.S. President Donald Trump’s threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected to finalise a trade deal. 

The S&P BSE Sensex fell as much as 453.47 points or 1.16 percent to 38,509.79 and the NSE Nifty 50 fell as much as 1.09 percent to 11,585.10. The broader market index represented by the NSE Nifty 500 Index fell as much as 1.02 percent. 


All the sectoral gauges compiled by NSE fell, led by the NSE Nifty Metal Index’s 1.94 percent decline. 

Money Market Update: Rupee Opens Lower 

The Indian rupee opened lower against the U.S. dollar. The home currency depreciated as much as 0.27 percent to 69.40 against the greenback. 

Hang Seng Index Falls Over 3% 

Hong Kong’s equity benchmark Hang Seng Index fell as much as 3.74 percent or 1,125 points. 

Your Complete F&O Trade Setup 

Futures: May Series 

Nifty futures closed trading at 11,764.3, premium of 52 points versus 40.7 points 

Nifty open interest up 0.5 percent, adds 99,000 shares in open interest 

Bank Nifty 

Bank Nifty futures closed trading at 30060.7, premium of 106.6 points versus 90.7 points 

Bank Nifty open interest up 3 percent, adds 45k,000 shares in open interest 

Options

Nifty PCR at 1.49 (across all series) 

Nifty Weekly Expiry May 9 

Max open interest concentration at 11,800C (23.5 lakh shares), 11,700P (16.8 lakh shares) 

Max open interest addition seen at 11,800C (+6.9 lakh shares) and 11,850C (+5 lakh shares) 

Nifty Monthly Expiry May 30 

Max open interest on Put side at 11,000 (22 lakh shares) 

Max open interest on call side at 12,500 (13.2 lakh shares) 

Max open interest addition seen at 12,500C (+2.4 lakh shares) 

Stocks In F&O Ban 

Jet Airways