Markets close higher; Midcap stocks outperformed

Nifty IT index was among the top outperformers with stocks like HCL Tech, Wipro, Infosys & TCS adding fresh long positions.

Mar 02, 2021 03:03 IST India Infoline News Service

Bull and bear
Markets witnessed a positive day of trade as across the board buying was seen throughout the trading session.

Nifty outperformed the Bank Nifty index by ~0.7%, with both the indices closing in the green, posting strong gains.

Nifty IT index was among the top outperformers with stocks like HCL Tech, Wipro, Infosys & TCS adding fresh long positions.

Nifty Midcap index closed on lifetime highs, closing ~2% higher.

Market breadth ended in the favour of the advances with the advance/decline ratio closing at 3:2x. Nifty and Bank Nifty saw an addition of long 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 23.3, down ~8%.
Top 2 F&O Gainers: TRENT & BHEL
Top 2 F&O Losers: ONGC & IRCTC
Nifty +158 @14,919
Bank Nifty +124 @35,420

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