Markets close higher; Midcap stocks outperform

Large cap stocks like Heromoto Corp, Kotak Bank & ONGC trended higher while Bharti Airtel took a nose dive.

Mar 01, 2021 03:03 IST India Infoline News Service

Markets witnessed very positive day of trade with the momentum shifted in the favour of the bulls as across the board short covering weighed in.

Bank Nifty marginally underperformed the Nifty index by ~0.25%, with both the indices closing in the green, posting strong gains.

Large cap stocks like Heromoto Corp, Kotak Bank & ONGC trended higher while Bharti Airtel took a nose dive.

Nifty Midcap index closed, ~2% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 2:1x. Nifty and Bank Nifty saw short covering during the day.

On the options front (March 04, 2021 expiry), across the board short selling was seen in put option strikes as Nifty trended higher. India Vix index closed at 25.6, down ~9%.
Top 2 F&O Gainers: Deepak Ntr & IRCTC
Top 2 F&O Losers: Bharti Airtel & BOB
Nifty +232 @14,762
Bank Nifty +492 @35,296

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