Five stocks witnessing short covering

Five stocks witnessing short covering

Avalokita Pandey
/ Categories: Trending, Mindshare

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

On Tuesday, both Sensex and Nifty opened in the red zone. At 11.15 am, Sensex was seen trading at 57,947.28 levels, down by 0.58 per cent while Nifty plummeted 0.60 per cent to be at 17,263.60 levels. 

The top three gainers of today's session include Power Grid Corporation, NTPC, and Hindustan Unilever, which increased 2.23 per cent, 0.76 per cent & 0.51 per cent, respectively. On the other hand, Kotak Mahindra Bank, Bajaj Finserv, and Bajaj Finance turned out to be the top three losers, which tumbled 2.69 per cent, 2.11 per cent & 1.96 per cent, respectively. 

 

List of the stocks where sell positions are being covered in the F&O segment:

Symbol

Expiry date

         LTP

Per cent change

OI change per cent

JKCEMENT

                   Dec 30

       3,409.95

                       0.19

-0.72

COLPAL

                 Dec 30

         1,442.5

                   0.59

                    -0.3

BEL

                   Dec 30

                         209.85

                              0.05

                            -0.26

DRREDDY

              Dec 30

                   4,632.95

                           0.22

                       -0.25

NTPC

              Dec 30

                 126.3

                          0.2

                      -0.24

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