Markets finally took a breather as across the board profit booking weighed in. Bank Nifty underperformed the Nifty index by ~0.9% with both the indices closing in the red.
A long unwinding in majority of the financial stocks like HDFC Bank, ICICI Bank & HDFC Ltd dragged the indices lower.
However Midcap stocks continued its outperformance with Midcap 100 index closing ~0.9% higher.
Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:1x. Bank Nifty saw an unwinding of long positions during the day.
On the options front (February 11, 2021 expiry), across the board option writing was seen in call option strikes as Bank Nifty trended lower. India Vix index closed at 23.9.
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Top 2 F&O Gainers: |
MOTHERSUMI & MFSL |
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Top 2 F&O Losers: |
INDUS TOWER & TATA CHEM |
|
Nifty |
-3 @15,107 |
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Bank Nifty |
-273 @35,783 |
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