Sensex continues winning streak, Nifty above 17000

Bulls continued to dominate Dalal Street on Friday morning amid positive global cues. S&P BSE Sensex rose more than 500 points or 0.92% to breach 57,300 mark while the NSE Nifty 50 index was above 17,000 and closing in on 17,100. Bank Nifty touched 37,700 while India VIX slipped below 17 levels. Bajaj Finserv was the top gainer on Sensex, up 3%, followed by Tata Steel and Asian Paints. Dr Reddy's was down 3.78% accompanied by Sun Pharma while all other stocks gained.

Nifty futures have rolled around 76% vs 75% compared to the last month. The Open Interest for the new contract is lower by around 23lkh w.r.t to the last month contract. Nifty futures in the last three day of expiry has seen good long rollovers at a weighted average price of around 16600.

Bank Nifty in red

Bank Nifty was trading with losses on Friday morning as headline indices trimmed gains. Bank Nifty was down 0.38%, holding above 37,200.