Markets close higher; Metal Stocks outperformed

Nifty outperformed the Bank Nifty index by ~0.8%.

Sep 06, 2021 03:09 IST India Infoline News Service

Markets witnessed a positive day of trade, with the benchmark index closing on lifetime highs with call option writers running for cover.

Nifty outperformed the Bank Nifty index by ~0.8% as the index continued to see buying momentum, closing ~0.3% higher.

Metal Stocks were among the top outperformers with stocks like Nalco, Tata Steel & Hindalco adding fresh long positions throughout the trading session.

Nifty 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 (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 15.1, up ~4%.
Top 2 F&O Gainers: INDIAMART  & NALCO
Top 2 F&O Losers: ICICIGI & HAL
Nifty +54 @17,378
Bank Nifty -169 @36,592

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