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Infibeam and Adani Enterprises witnesses profit booking

Nifty has pared its morning gains and is now trading flat at 9309 level. Sensex is seen to be well placed above the 30000 mark as of 1440 hours on Wednesday. The broader markets have been underperforming the major indices in the market.

With the decline in open interest and share price, Infibeam Corporation and Adani Enterprises Limited are witnessing profit booking in the Wednesday’s trading session.

The Bank of India, MRF and Yes Bank are witnessing short covering position with a decline in open interest and increase in share price. Bank of India has touched its fresh 52-week high of Rs 161 per share in the Wednesday’s trading session. One of the most expensive stock on the Indian bourses has also touched a fresh 52-week high of Rs 69848.75 per share.

Following are the top open interest losers in the post-lunch hours on Wednesday:

Stock Symbol     OI Change (%)     Share Price Change (%)
BANKINDIA     (4.14)     0.03
MRF     (3.55)     2.14
YESBANK     (3.14)     0.84
INFIBEAM     (2.81)     (0.73)
ADANIENT     (2.47)     (17.81)