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 in the negative territory on the third day of the week. At 11.31 am, both Sensex and Nifty plunged 0.46 per cent & 0.48 per cent, trading at 60,142.87 and 17,959.65 levels, respectively.

The top three gainers of today’s session include M&M, Bharti Airtel, and Dr. Reddy, which surged 3.14 per cent, 1.89 per cent & 1.04 per cent, respectively.

Following are the stocks where profit booking is seen taking place in the F&O segment: