Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. The Sensex and Nifty opened higher in trade today led by gains in consumer durables and auto stocks. While the Sensex rose nearly 130 points to 36,450 with 28 components in the green, Nifty gained 34 pts to 10,924. M&M  (1.56%), Reliance Industries (1.14%) and HDFC (1.02%) were the top Sensex gainers.

While the Sensex rose nearly 130 points to 36,450 with 28 components in the green, Nifty gained 34 pts to 10,924.

Currently, mutual fund schemes are permitted to undertake transactions in equity derivatives but cannot write options or purchase instruments with embedded written options.

While a large upmove from the current Nifty levels of 10887 on Jan 15, 2019 seems unlikely, Nifty can still attempt to rise to 11,200-11,300 levels before correcting. In the process, a lot of stocks and sectors may sequentially undergo upward correction of the recent fall.

Of 30 Sensex stocks, 27 ended in the green. YES Bank (3.86%), Infosys (3.66%) and Reliance Industries (3.02%) were the top Sensex gainers.

ELSS has the lowest lock-in of just 3 years among all Section 80C options. ELSS saves up to Rs 46,800 a year in tax.

The midcap stock touched an intra day low of 258.70, down 6.29% compared to the previous close of 276.05 level on the BSE.

YES Bank (2.87%), Reliance Industries (1.35%) and Infosys (1.27%) were the top Sensex gainers.

As per media report, Naresh Goyal is likely to step down from the board giving up majority control and his stake in the airline may be down to 20-25 percent.