Markets close higher; IT Stocks outperformed

Nifty outperformed the Bank Nifty index by ~0.6% to close in the green.

Sep 21, 2021 03:09 IST India Infoline News Service

Markets witnessed a positive day of trade, with the benchmark index closing higher as across the board short covering weighed in.

Nifty outperformed the Bank Nifty index by ~0.6% to close in the green.

Nifty IT index was among the top outperformers, closing ~2% higher on record highs with stocks like Infosys, Mindtree, HCL Tech & Tech Mah adding fresh long positions.

Nifty Midcap 100 index closed ~0.75% 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 (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 16.4, down ~6%.
Top 2 F&O Gainers: MINDTREE & SAIL
Top 2 F&O Losers: IBULHSGFIN & HAL
Nifty +165 @17,562
Bank Nifty +90 @37,236

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