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|
|Bank Nifty||+492 @35,296|