Markets close higher; Bank Nifty hits lifetime highs

ICICI Bank, SBI, BOB & HDFC Bank surged higher, as across the board long positions were formed.

Sep 16, 2021 03:09 IST India Infoline News Service

Stock Market Rebounding
Domestic markets witnessed a positive day of trade, with the Bank Nifty index hitting fresh lifetime highs. Bank Nifty outperformed the Nifty index by ~1.5% with both the indices closing in the green.

The stock price of ICICI Bank, SBI, BOB and HDFC Bank surged higher, as across the board long positions were formed throughout the trade. Nifty Midcap 100 index closed ~0.35% higher.

Market breadth ended in the favour of the declines with the advance/decline ratio closing at 1:1x. Bank Nifty saw an addition of long positions during the day.

On the options front (September 30, 2021 expiry), across the board writing was seen in the put option strikes as the Nifty index trended higher.

India Vix index closed at 14.4, up ~5%.
Top 2 F&O Gainers: IDEA & INDUSTOWER
Top 2 F&O Losers: BPCL & ZEEL
Nifty +110@17,630
Bank Nifty +816 @37,669

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity