Broader markets continued to underperform the benchmark index as the market breadth ended in favor of declines with Advance Decline ratio closing at 2:3x.

Nifty Index and Bank Nifty Index February futures witnessed a surge in open interest to the tune of ~6.97 lakh shares/~1.16 lakh shares, indicating a buildup of long positions.

Tracking the Nifty options, marginal hint of buying was witnessed across all the major call options strike, with 11000CE adding the maximum open interest buildup to the tune of ~4.5 lakh shares.

India Vix ended the session at 17.9% up 2%.
Nifty: +61 points @ 11130
Bank Nifty: +52 points @ 27498
Top 2 F&O Gainer: CANFINHOMES & MARUTISUZ
Top 2 F&O Loser: JPASSOCIATES & IFCI
Most Active Index Option Contract:
Call Option: 11000CE, O.I: +~4.5 lakh shares
Put Option: 11000PE, O.I: + ~10.5 lakh shares
Nifty Max O.I Strikes: 12000CE, 10500PE
Bank Nifty Max O.I Strikes: 28500CE, 26500PE (Feb 1, 2018 Expiry)