Bank Nifty outperformed the Nifty index by ~0.6% with both the closing in the green.
Financial heavyweights like SBI, ICICI Bank & Kotak Bank contributed to majority of the index gains.
Nifty Midcap and Small cap index closed, ~1.25% higher.
Market breadth ended in the favour of the advances with the advance/decline ratio closing at 2:1x. Bank Nifty added fresh short positions during the day.
On the options front (April 08, 2021 expiry), across the board writing was seen in the put option strikes as Nifty and Bank Nifty trended higher. India Vix index closed at 20.35, down ~3%.
|Top 2 F&O Gainers:||CHOLAFIN & CUB|
|Top 2 F&O Losers:||ADANI ENT & ADANI PORT|
|Bank Nifty||+490 @32,991|