Markets close higher; Metal stocks outperformed

Metal Stocks was among the top outperformers, with stocks like Hindalco, Tata Steel, Sail & JSW Steel leading from the front.

Jul 29, 2021 03:07 IST India Infoline News Service

Bull-stock
Markets witnessed a continued buying momentum throughout the trade as expiry day short unwinding weighed in.  

Both Nifty and Bank Nifty closed higher by ~0.4%.

Metal Stocks was among the top outperformers, with stocks like Hindalco, Tata Steel, Sail & JSW Steel leading from the front, enabling Nifty Metal to closed ~5 % higher.  

Nifty Midcap 100 index underperformed the benchmark index, closing ~0.75% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Bank Nifty saw an unwinding of short positions during the day.

On the options front (July 29, 2021 expiry), across the board writing was seen in the put option strikes as the Bank Nifty index trended higher. India Vix index closed at 12.9, down ~6%.
Top 2 F&O Gainers: COFORGE  & HINDALCO
Top 2 F&O Losers: INDUSTOWER & COLPAL
Nifty +69 @15,778
Bank Nifty +159 @34,692

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