Five stocks witnessing long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.
In the early morning session on January 6, 2025, the Sensex was down 27.97 points or 0.04 per cent, trading at the 79,195.14 mark, while the Nifty was down 34.10 points or 0.14 per cent trading at the 23,970.65 level.
Sector-wise, the Nifty IT index was the top gainer in the morning session on Monday, gaining nearly one per cent, led by Tech Mahindra, LTIMindtree and Infosys.
On the flip side, the public-sector banking stocks faced some pressure, with the Nifty PSU Bank index falling over 2 per cent as Union Bank, Central Bank and Bank of Baroda lost up to 6 per cent.
Indian investors are likely to be cautious in the face of continued selling by foreign institutional investors (FIIs). The US markets rebounded from a 5-day selling streak on Friday, ahead of President-elect Donald Trump's inauguration and the US Federal Reserve's rate-setting meeting later in the month.
Following are the stocks where profit booking is seen taking place in the F&O segment.
|
Company Name
|
Expiry Date
|
LTP (Rs)
|
Net Change
|
% Change
|
OI Change %
|
|
ITC Ltd
|
30 JAN'25
|
463.45
|
-17.3
|
-3.6%
|
-94.69%
|
|
Avenue Supermarts Ltd (DMart)
|
30 JAN'25
|
4,019.95
|
-25.6
|
-0.63%
|
-7.06%
|
|
Escorts Kubota Ltd
|
30 JAN'25
|
3,378.4
|
-1.7
|
-0.05%
|
-6.93%
|
|
Adani Ports and Special Economic Zone
|
30 JAN'25
|
1,196.25
|
-8.0
|
-0.66%
|
-5.44%
|
|
HDFC Life Insurance Company Ltd
|
30 JAN'25
|
619.4
|
-7.1
|
-1.13%
|
-4.89%
|
Disclaimer: The article is for informational purposes only and not investment advice.