Unitech up 12%, adds 10 lakh shares in OI

The Nifty snapped a six-day losing streak and recouped all of Tuesday's losses on the back of institutional buying in heavyweights, short covering and positive global cues. Unitech gained nearly 12% with addition of 10 lakh shares in open interest (OI).

The market has bounced back from yesterday's correction and the real estate pack was one of the biggest hit yesterday and it's gained in the market most today. Unitech was one of the biggest Nifty gainer, it gained nearly 12% with addition of 10 lakh shares in open interest (OI).

Among other stocks Hindalco was also buzzing along with other metal stocks up nearly 9% with an addition of nearly 15 lakh shares. So both these stocks were amongst the top gainers with good build up of OI. Amongst smaller stocks Mercator Lines was up nearly 7% with addition of 14 lakh shares and that is a stock to watch out for.

One stock that has been languishing for the last two days is Suzlon , it was down nearly 4% in trade today with addition of 1.1 crore shares. So, fresh shorts being created at lower levels.