Markets traded in a narrow range throughout the day after witnessing a big rally during the previous trading session. Bank Nifty underperformed the Nifty index by ~0.5% as profit booking weighed in.
Stocks like ICICI Bank & Axis Bank were among the top underperformers, contributing to majority of Bank Nifty’s loses while Kotak Bank hit fresh life time high, closing ~2% higher. Midcap 100 index closed ~0.5% higher. Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:1x. Nifty saw an addition of long positions during the day.
On the options front (February 18, 2021 expiry), across the board option writing was seen in call and put option strikes as Nifty traded in a narrow range. India Vix index closed at 21.8, up ~1%.
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Top 2 F&O Gainers: |
JINDAL STEEL & ONGC |
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Top 2 F&O Losers: |
INFOEDGE & GODREJCP |
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Nifty |
+3 @15,318 |
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Bank Nifty |
-179 @37,128 |
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